Internet Brands eyes $380M leveraged loan backing dividend (Hellman & Friedman)

RBC Capital Markets, Bank of America Merrill Lynch, and GE Capital have set a Feb. 20 bank meeting at 10:30 a.m. EST to launch syndication of a $380 million dividend recap loan for Hellman & Friedman-backed Internet Brands, according to sources.

The credit is split between a $50 million, five-year revolver and a $330 million, seven-year term loan. Price talk has yet to circulate the market.

Hellman & Friedman acquired the El Segundo, Calif.-based Internet media company for roughly $640 million in 2010. – Kelly Thompson


Leave a Reply

Comments are moderated and will not appear until the admin has approved them.