Saturday, March 3, 2012

UBS, GE Set To Launch YFCS Deal To Support Ascent Purchase.(TA Associates's Youth and Family Centered Services )(Brief article)

UBS and GE Capital are scheduled to launch syndication of a $170 million credit facility for TA Associates portfolio company Youth and Family Centered Services (YFCS) next Wednesday, June 7, in New York. The deal for Austin, Texas-based YFCS, a provider of health, education and long-term support services for abused and neglected youth, includes a $50 million, six-year revolver and a $120 million, seven-year term loan. Price talk is set at Libor plus 275 basis points (bps) for both tranches, according to a banker.

YFCS' existing $113 million credit facility, …

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