RLPC: SunGard spinoff SunGard Availability preps $1.275B in debt

PE-backed SunGard Availability Services is coming to market with a $1.275 billion credit in connection with its spinoff from SunGard Data Systems, according to a report from Thomson Reuters Loan Pricing Corp. Sungard and the spinoff are principally owned by seven private equity firms, including Bain Capital Partners, The Blackstone Group and Kohlberg Kravis Roberts & Co.

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