Cole Haan, a designer and retailer of premium footwear, is seeking a $270 million term loan B backing its buyout by Apax Partner, according to a person with knowledge of the transaction.
Jefferies Group is arranging the financing which will also include a $100 million asset-based revolving line of credit, said the person, who asked not to be identified because the information is private.
Apax is acquiring the New York-based company from Nike Inc. (NKE) for $570 million in cash and the buyout firm will make an equity investment of $300 million, according to the person.
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