MailSouth readies launch of new credit facility for Nov. 8 week

By Sara Rosenberg

New York, Nov. 1 - MailSouth is planning a bank meeting next week to launch a proposed credit facility, according to a market source.

GE Capital is the lead bank on the deal.

Details on the facility are expected to emerge closer to launch, the source said.

Proceeds will be used to help fund the buyout of the company by Court Square Capital Partners from New Mountain Capital.

MailSouth is a Helena, Ala.-based provider of shared mail services.

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