PODS readies launch of $775 million term loan B for Monday afternoon

By Sara Rosenberg

New York, Nov. 10 – PODS LLC is set to hold a lender call at 1 p.m. ET on Monday to launch a $775 million senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. and Barclays are the lead banks on the deal.

Proceeds will be used to refinance existing debt, fund a dividend and pay related fees and expenses.

PODS is a Clearwater, Fla.-based provider of storage and moving containers.

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