MCS AMS to launch $360 million credit facility on Wednesday

By Sara Rosenberg

New York, Sept. 24 - MCS AMS is scheduled to hold a bank meeting on Wednesday to launch a $360 million credit facility, according to a market source.

Bank of America Merrill Lynch, HSBC Securities (USA) Inc., RBS and ING Financial Markets LLC are leading the deal.

The facility consists of a $20 million five-year revolver and a $340 million six-year term loan B, the source said.

In August, Concentric Equity Partners and TDR Capital announced the formation of a new holding company to establish a suite of mortgage field services companies comprising Mortgage Contracting Services LLC, Asset Management Specialists Inc. and Vacant Property Specialists LLC.

The holding company expects to close the transaction effective Oct. 1.

MCS AMS is a provider of property inspections, preservation, maintenance, rental management, software solutions and mobile applications.

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