AlixPartners Starts $3 Billion Term Loan Sale for Refi, Dividend

AlixPartners LLP, a financial advisory and global consulting firm, plans to sell a $2.691 billion term loan and a €330 million ($386 million) term loan to refinance existing credit facilities, pay shareholders and fund potential acquisitions.

The seven-year dollar-denominated facility is being marketed at 225 to 250 basis points over the benchmark, while the euro tranche is being offered at 300 to 325 basis points, according to details of the transaction, according to a person familiar with the transaction who asked not to be named.

Earlier this year, it emerged that the firm’s private equity owners were exploring a ...