Mercer Advisors closes $1.9B refinancing, its first syndicated loan
The Goldman-led package includes a $340 million revolver and is projected to cut interest by $35 million to $40 million next year.
At a glance
Mercer Advisors has closed an oversubscribed $1.9 billion refinancing led by Goldman Sachs, its first syndicated loan, according to our records.
The $340 million revolver is about 18% of the total package and can be drawn and repaid as needed.
Mercer Advisors has closed an oversubscribed $1.9 billion refinancing led by Goldman Sachs, its first syndicated loan, according to our records. The package includes a $340 million revolving credit facility and is projected to save $35 million to $40 million in interest next year.
The $340 million revolver is about 18% of the total package and can be drawn and repaid as needed. The projected interest savings equal roughly 1.8% to 2.1% of the $1.9 billion face amount.
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
M&ACohnReznick to add Aldrich's $8B wealth practice, closing mid-December
M&AVestGen takes Willow Tree credit to fund Midwest RIA acquisitions
Features