Watco to repay portion of senior secured credit facility via new notes

By Taylor Fox

New York, Jan. 20 – Watco Cos., LLC and wholly owned subsidiary Watco Finance Corp. plan to repay a portion of their senior secured credit facility using proceeds from an add-on offering of $100 million senior unsecured notes due 2027, according to a news release.

The remaining proceeds from the new notes will be used to pay fees and expenses related to the offering and for general corporate purposes.

The company is an integrated transportation services provider based in Pittsburg, Kan.

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