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Kenan Advantage intends to sell dollar- and Canadian dollar notes
By Paul A. Harris
Portland, Ore., Nov. 19 - Kenan Advantage Group announced in a Tuesday press release that, subject to market conditions, it intends to offer dollar- and Canadian dollar-denominated unsecured high-yield notes and term loans.
Proceeds will be used to refinance a portion of the senior secured credit facility incurred with Kenan's acquisition of Westcan Group, which closed on Nov. 15.
Kenan is a North Canton, Ohio-based freight company.
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