TechInsights receives new debt facility for refinancing

TechInsights Inc. received a new debt facility today for refinancing, market sources said. Capital One and funds and accounts managed by HPS Investment Partners provided the financing.

Proceeds will refinance existing debt and fund general corporate purposes, including potential M&A.

Evercore was exclusive financial adviser and placement agent to TechInsights for this transaction.

TechInsights Inc., backed by London-based Oakley Capital, is a subscription information platform for the global semiconductor industry. The company is based in Ottawa, Canada.