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Reuters: Barclays to Lead Apex Tool’s New Credit Facility

November 08, 2012, 08:32 AM

Goldman Sachs and Barclays are in market with a $1.475 billion credit facility that will back Bain Capital's acquisition of Apex Tool Group, according to Thomson Reuters LPC.

The facility comprises a $175 million revolver, an $835 million term loan B and a $450 million bridge-to-bonds. Goldman Sachs is leading the bridge loan, while Barclays is leading the revolver and term loan B.

The company is expected to tap the market with the revolver and term loan in the second week of December but timing may change since the syndication strategy is ongoing the Thomson Reuters article notes.

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