According to a Bloomberg’s sources, the lenders are also providing $330m of preferred equity that is expected to yield about 15%, including a payment-in-kind component that would allow the company to pay some of the interest with more principal rather than cash.
The capital will be used by CentralSquare Technologies which is backed by Bain Capital and Visa Equity Partners, top refinance existing debt, including a $900m term loan and a $380m second lien loan.
Source: Reuters
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