URS in-market with $579 million credit facility

By Sara Rosenberg

New York, Jan. 20 - URS Corp. is in-market with a $579 million credit facility, according to a syndicate document. Credit Suisse First Boston is the sole lead arranger on the deal.

The facility consists of a $225 million two-year revolving credit facility with an interest rate of Libor plus 175 basis points and a 50 basis point commitment fee, an $84 million two-year term loan A with an interest rate of Libor plus 175 basis points and a $270 million three-year term loan B with an interest rate of Libor plus 175 basis points, the document said.

The refinancing deal launched via a bank meeting on Tuesday.

URS is a San Francisco engineering design services firm.

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