Kenan Advantage to launch $600 million credit facility on Thursday

By Sara Rosenberg

New York, Nov. 17 - Kenan Advantage Group is scheduled to hold a conference call at 1 p.m. ET on Thursday to launch its proposed $600 million credit facility, according to a market source.

KeyBanc Capital Markets is the lead bank on the deal.

The facility consists of a $100 million revolver, a $375 million term loan and a $125 million delayed-draw term loan, the source said.

Kenan Advantage is a North Canton, Ohio-based logistics and liquid bulk transportation services provider to the fuels, chemical and food end-markets.

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