Banks are preparing to sell loans backing TDR Capital’s planned acquisition of OCU Group as part of a roughly $2.4 billion financing package, according to Bloomberg reporting carried by Briefs Finance. The package includes undrawn credit facilities.
Barclays, Jefferies, Deutsche Bank and Lloyds underwrote the leveraged loans, the report said. The financing combines a euro term loan and delayed-draw loans with guarantee lines and a revolving credit facility.
OCU’s engineers and crews design, build and maintain power networks, renewable-energy infrastructure and water systems. The group operates in Britain, Australia and New Zealand, supported by engineering teams in India.
The sale agreement announced by Triton on October 5 left the purchase price undisclosed and made completion subject to regulatory approvals and other conditions. Cravath, representing the debt arrangers, had already disclosed committed acquisition financing on October 8 without specifying an amount.
OCU reported revenue growth of 37.8% for the year ended April 30, 2026. Excluding contributions from acquisitions completed in that year and the previous financial year, growth was 24.8%. The group completed four acquisitions during the year, including Valmech, which took it into the British heat-networks market.