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Ipreo $390 Million Senior Secured Credit Facility

12 Aug 2014

Davis Polk advised Goldman, Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc., and RBC Capital Markets as joint lead arrangers and joint bookrunners, and KKR Capital Markets LLC, MCS Capital Markets LLC and Blackstone Holdings Finance Co. LLC as co-managers, in connection with a $390 million senior secured credit facility extended to Infinity Acquisition, LLC, comprised of a $345 million senior secured term facility and a $45 million senior secured revolving credit facility. The proceeds of the senior secured term facility, together with an equity contribution and the proceeds of a notes offering, were used to fund in part the acquisition of Ipreo Holdings LLC by funds managed by The Blackstone Group L.P. and Goldman Sachs Merchant Banking Division.

Ipreo is one of the leading providers of technology solutions, data and market intelligence to participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. Ipreo serves all major investment banks, over 750 small and medium-sized financial firms and over 1,250 corporate clients across multiple geographies.

The Davis Polk credit team included partners James A. Florack and Kenneth J. Steinberg and associates Jeong M. Oh, Novika Ishar and Eitan M. Goldberg. Partner Harry Ballan and associate Dao Fu provided tax advice. Associate David He provided intellectual property advice. Counsel Jeanine P. McGuinness provided OFAC advice. Associate Kevin J. Klesh provided environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

Matter Type
Banking & Finance - Bank Lending/Credit Facilities
Industry
Finance & Banking
News Category
Banking & Finance