CACI markets $1.7B credit for Six3 buy
NEW YORK (Reuters) - U.S. contractor CACI International (CACI.N) is in market with a $1.681 billion credit facility that will back the company's acquisition of Six3 Systems Inc and refinance existing debt, sources told Thomson Reuters LPC.
Bank of America Merrill Lynch is leading the deal.
The facilities comprise a $750 million, five-year revolver, a $631 million, five-year term loan A and a $300 million, seven-year term loan B. Price guidance opens at LIB+200 with a 35bp undrawn fee.
CACI said on October 9 it was planning to back the $820 million acquisition of the national security intelligence provider through the new $800 million financing commitment from BAML, and borrowings under its existing revolving credit facility. CACI is purchasing Six3 Systems from private equity firm GTCR. The transaction is expected to close in November 2013.
(Editing By Jon Methven)
- Malaysia military source says missing jet veered to west |
- Ukraine appeals to West as Crimea turns to Russia |
- Malaysia air probe finds scant evidence of attack: sources |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- Libyan parliament sacks PM after tanker escapes rebel-held port