System One to launch $30 million add-on term loan on Thursday

By Sara Rosenberg

New York, Jan. 11 – System One Holdings LLC will hold a lender call at 11 a.m. ET on Thursday to launch a fungible $30 million add-on term loan, according to a market source.

Truist Securities is the lead on the deal.

Proceeds will be used to fund an acquisition, to repay revolving credit facility borrowings and for general corporate purposes.

System One is a Pittsburgh-based provider of specialized workforce solutions and integrated services.

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