This content is from: Innovation

Asurion Seeks $4.64B In Loans

Asurion is seeking $4.64 billion of loans to refinance debt.

Asurion is seeking $4.64 billion of loans to refinance debt, Bloomberg reports. Bank of America, Barclays, Credit Suisse Group, Morgan Stanley, Goldman Sachs Group and Deutsche Bank will raise $3.5 billion in first-lien term loan due in seven years.

The lenders will also raise $1.02 billion of second-lien debt maturing in eight year and $120 million of revolving credit line due to mature in five years. The wireless handset insurance and roadside assistance provider is owned by Madison Dearborn Partners, ProvidenceEquityPartners, Welsh, Carson, Anderson & Stowe and Berkshire Partners.

Click here for the story from Bloomberg.

Related Content