Asurion is seeking $4.64 billion of loans to refinance debt, Bloomberg reports. Bank of America, Barclays, Credit Suisse Group, Morgan Stanley, Goldman Sachs Group and Deutsche Bank will raise $3.5 billion in first-lien term loan due in seven years. The lenders will also raise $1.02 billion of second-lien debt maturing in eight year and $120 million of revolving credit line due to mature in five years. The wireless handset insurance and roadside assistance provider is owned by Madison Dearborn Partners, Providence Equity Partners, Welsh, Carson, Anderson & Stowe and Berkshire Partners.
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