Paul Bilzerian has now completed the raising of $505m of the necessary financing for his agreed offer from Singer Co – $355m in senior subordinated debentures and $150m from the Mesa limited partnership, and he was due yesterday to sign with a consortium led by National Westminster Bank of the US for the $540m balance; the financing was arranged by Shearson Lehman Hutton Inc, which is estimated to have earned $75m to $100m in fees.
PAUL BILZERIAN HAS NECESSARY FINANCING FOR AGREED OFFER FROM SINGER
