Bloomberg News

Champ Said to Hire Four Banks for A$130 Million Ooh! Media Loan

December 16, 2011

Dec. 15 (Bloomberg) -- Champ Private Equity hired four banks to help organize an about A$130 million senior leveraged loan to fund its buyout of Australian outdoor advertising company Ooh! Media Group Ltd., according to two people familiar with the matter.

The five-year loan will comprise an acquisition debt facility of about A$100 million, a tranche for capital expenditure and a revolving credit facility for working capital, the people said, asking not to be identified as details are private.

Commonwealth Bank of Australia, GE Capital, National Australia Bank Ltd. and Westpac Banking Corp. are unlikely to market the facility to other banks, one of the people said.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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