Harvey Gulf readies launch of $750 million term loan B for Thursday

By Sara Rosenberg

New York, May 28 - Harvey Gulf International Marine LLC will host a bank meeting on Thursday to launch a $750 million seven-year covenant-light term loan B, according to sources.

Bank of America Merrill Lynch is the left lead on the deal.

The loan has 101 soft call protection for one year, sources said.

Proceeds will be used to refinance existing debt and to fund the acquisition of vessels.

Harvey Gulf is a New Orleans-based marine transportation company that specializes in towing drilling rigs and providing offshore supply and multi-purpose support vessels for deepwater water operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.