Kenan Advantage to launch $1 billion term loan B on Wednesday

By Sara Rosenberg

New York, March 2 – Kenan Advantage Group Inc. will hold a lender call at 2 p.m. ET on Wednesday to launch a $1 billion five-year covenant-lite term loan B, according to a market source.

KeyBanc Capital Markets LLC is the lead on the deal.

Proceeds will be used to refinance an existing term loan due 2022.

Kenan Advantage is a North Canton, Ohio-based tank truck transporter and logistics provider.

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