Kenan Advantage roughly $1 billion facility likely July business

By Sara Rosenberg

New York, June 24 – Kenan Advantage Group Inc. is expected to come to market in July with a $1,025,000,000 senior secured credit facility, according to a market source.

KeyBanc Capital Markets LLC and Goldman Sachs Bank USA are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Omers Private Equity from Goldman Sachs Capital Partners and Centerbridge Partners.

Closing is expected in the third quarter.

Kenan Advantage is a North Canton, Ohio-based provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets.

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