PEP-owned American Stock Transfer refinances debt – report
Pacific Equity Partners (PEP) is said to have tapped the US markets to refinance $480 million in debt held by portfolio company American Stock Transfer (AST). This is the third time in less than two months that firms owned by the Australian GP have completed refinancing activities.
AST issued a covenant-light, seven-year facility - $300 million in first-lien loans and $180 million in second-lien loans - according to The Wall Street Journal. This package replaces mezzanine debt held...
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