UST Holdings readies launch of $400 million term loan for Tuesday

By Sara Rosenberg

New York, Oct. 18 – UST Holdings Ltd. is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a $400 million senior secured first-lien term loan, according to a market source.

Citigroup Global Markets Inc. is the left lead arranger on the deal.

Proceeds will be used to refinance existing debt and for general corporate purposes.

UST Holdings is an Aliso Viejo, Calif.-based provider of digital technology and transformation, information technology and services.

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