MCS AMS talks $340 million six-year term loan B at Libor plus 450 bps

By Sara Rosenberg

New York, Sept. 30 - MCS AMS is talking its $340 million six-year term loan B at Libor plus 450 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

The company's $360 million credit facility (B2) also includes a $20 million five-year revolver.

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

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.

© 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.