U.K. private equity fund manager, Doughty Hanson, is refinancing £635 million of its debt, Reuters reports. The new loan will have an all-senior structure and include a term loan B of €450 million and a term loan A and revolving credit facility.
The firm will use the money to buy offshore fund administration firms, Equity Trust and TMF Group. Bank of Ireland, HSBC, ING and Unicredit will be the lead underwriters for the loan.
