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.
Reported by the M&A desk from Private Wealth Daily coverage and Private Wealth Daily deal records. Published . Corrections