Spotless sells $US1.08 billion of loans

Pacific Equity Partners takes advantage of record low US interest rates to refinance debt.

Spotless, the outsourced facilities management business of Pacific Equity Partners, has sold $US1.08 billion of loans in a debt refinancing to take advantage of record low US interest rates.

Deutsche Bank AG, Goldman Sachs Group Inc and UBS AG managed the sale, though the loan’s successful closing in September has not prompted Spotless or its owners to appoint advisors to explore an initial public offering.

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