Newgistics seeks $105 million credit facility via BNP Paribas

By Sara Rosenberg

New York, Nov. 15 - Newgistics is in market with a $105 million credit facility that is being led by BNP Paribas Securities Corp., according to a market source.

The facility consists of a $20 million five-year revolver and an $85 million six-year term loan, the source said.

Price talk on the term loan is Libor plus 450 basis points with a 1.25% Libor floor and an original issue discount of 99.

Proceeds will be used to help fund the buyout of the company by Littlejohn, the source added.

Commitments are due during the week of Nov. 25.

Newgistics is an Austin, Texas-based provider of end-to-end e-commerce solutions.

© 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.