Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Nuveen Looks to Raise Funds and Get a New Loan Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 7, 2012

Nuveen Looks to Raise Funds and Get a New Loan

News summary by MFWire's editors

Private equity deals have been in the news all summer, and Nuveen's [profile] from a few years ago is back in the spotlight.

Nuveen CEO John Amboian and COO Glenn Richter are looking to sell $1.145 billion in bonds and to obtain a $435 million loan, according to a Bloomberg report.

Effectively, the loan will refinance the loan the firm took on during their LBO by Madison Dearborn Partners LLC in 2007 [see MFWire]. Their previous loan was at 10.5 percent and due in November 2015, while the new loan will be due in May 2017 and paid at LIBOR plus 5.5 percent, according to a source not identified by Bloomberg.

According to the source, the debt will sell between 99 and 99.5 cents on the dollar. The previous loan traded at 101.9 cents on the dollar, yielding 9.79 percent, the Bloomberg article noted.

In terms of the sale, the shop will sell $400 million in five-year notes and $745 million in eight-year debentures. 

Edited by: Ben Geier


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use