EQT-Backed SK Shieldus’ $2.4 Billion-Equivalent Loan Launches

EQT-backed South Korean cyber security firm SK Shieldus Co. has launched an around $2.4 billion-equivalent syndicated loan to refinance a facility that had backed its acquisition, according to people familiar with the matter.

The five-year refinancing, which is denominated in Korean won, is being marketed to the broader market, notably to South Korean banks, said the people, who asked not to be identified discussing private matters. KB Securities, Kookmin Bank and Korea Investment & Securities Co. are the joint arrangers, they said.

A spokesperson for EQT declined to comment.

The deal is the latest in a series of transactions, ...