Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

TNS Obtains $700 Million in Loans for Siris Capital Buyout

TNS Inc., a maker of networking products, obtained commitments for $700 million of loans to back its $862 million buyout by Siris Capital Group.

SunTrust Banks Inc. and Macquarie Group Ltd. are arranging the financing, which includes a $550 million first-lien term loan, a $100 million second-lien term loan and a $50 million revolving line of credit, the company said today in a regulatory filing.

The first-lien term portion will pay interest at 4.25 percentage points more than the London interbank offered rate, while the second-lien piece will pay 8.25 percentage points more than Libor, according to the filing.

Siris, a private-equity firm, is acquired the Reston, Virginia-based company for $21 a share in cash, a 47 percent premium over the stock’s average price over the past month, according to a Dec. 11 statement. The deal is expected to close in the first quarter of 2013.

Steven Lipin, a spokesman for TNS, didn’t immediately respond to an e-mail seeking comment.

First-lien debt is repaid first in a bankruptcy or liquidation, second-lien borrowings are repaid next.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.