The junk bonds will help pay a $2 billion-plus dividend to shareholders, which include Bain, TH Lee, and CCMP Capital.
John McCann joins from HSBC as a managing director.
Jean-Marc Chapus and Mark Attanasio will continue to oversee the group.
A stalking horse bid from its first lien lenders sets the floor for a 363 auction for the former Lion Capital portfolio company.
Investors, including Nolan Ryan and attorney Chuck Greenberg, say team is pursuing sale talks in violation of earlier agreement.
With CLO activity muted and leverage tough to come by for other lending vehicles, demand exists for an alternative.
Lender aggressiveness moves in fits and starts, though leverage levels are trending higher.
As bank debt and high yield become more expensive, the mezz market is drawing interest from borrowers and lenders alike.
Is private equity about to restart its campaign to overtake the public markets?
The mid-market investment banks and lenders drove personnel activity in March and early April.