Onex lines up $929 mln financing for Parkdean buyout: Reuters

Five banks and a fund have lined up around £750 million (US$929 million) of debt financing to back Onex Corp's buyout of British holiday park operator Parkdean Resorts, banking sources told Reuters. Bank of America Merrill Lynch, Barclays, JP Morgan,‎ RBC and SMBC have underwitten a £600 million senior leveraged loan, which is due to launch for syndication to institutional investors in January. Ares is sole provider of a £150 million of second lien loan.

DealsCanadaNorth AmericaBriefs