Goldman Sachs Asset Management and Sixth Street Partners are leading a $655m debt financing package deal for global alternative investment firm HIG Capital to fund a potential purchase of mechanical and industrial cleaning company USA DeBusk, according to a report by Bloomberg.
The report cites unnamed sources as confirming that the financing includes a $435m term loan, $160m delayed draw term loan and a $60m revolver.
The term loan carries an interest rate of around 5.25 percentage points over the Secured Overnight Financing Rate (SOFR), which is about 1 percentage point less than the rate on USA DeBusk’s existing loan.
USA DeBusk, which is based in Texas, was founded in 2012 and has since completed several add-on acquisitions.
