Key regularly facilitates introductions and provides capital to fund strategic investments. Recent examples can be found here (PDF), and include:
- KeyBanc Capital Markets (KBCM) served as Buy-Side Advisor to New Mountain Capital in its successful take private of Zep, Inc. for $692 million. Additionally, KBCM served as Joint Lead Arranger and Joint Bookrunner on $405 million of Senior Secured Credit Facilities in support of New Mountain’s acquisition. The facilities consisted of a $42.5 million Revolving Credit Facility and a $360 million First Lien Term Loan.
- KBCM successfully advised on the sale of The Kenan Advantage Group, Inc., a portfolio company of Goldman Merchant Banking Division and Centerbridge Partners, to OMERS Private Equity. Additionally, KeyBanc Capital Markets served as Left Lead Arranger, Bookrunner and Administrative Agent on the $1.055 billion Senior Secured Credit Facilities transaction and Joint Bookrunner on the $405 million Senior Unsecured Notes transaction in support of OMERS’ acquisition.
- KeyBanc Capital Markets served as Joint Lead Arranger and Joint Bookrunner on $2.1 billion of new credit facilities to fund the acquisition of ProBuild Holdings LLC for approximately $1.6 billion by Builders FirstSource, Inc, a public company jointly controlled by JLL Partners and Warburg Pincus. The facilities consisted of a $800 million Senior Secured Asset-Based Revolving Credit Facility, a $600 million Covenant-Lite Term Loan B, and $700 of Senior Unsecured Notes.