Omnitracs to launch incremental first-, second-lien loans on Monday

By Sara Rosenberg

New York, Dec. 5 - Omnitracs Inc. will hold a call at 2 p.m. ET on Monday to launch incremental first- and second-lien loans, according to a market source.

RBC Capital Markets, Credit Suisse Securities (USA) LLC and Guggenheim Corporate Funding, LLC are the leads on the deal.

Proceeds will be used to help fund the acquisition of Roadnet Technologies Inc., a Baltimore-based provider of routing, scheduling, optimization and mobile resource management software solutions.

Closing is expected this month, subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions.

Omnitracs is a San Diego-based provider of satellite and terrestrial-based connectivity and position location solutions to transportation and logistics companies.

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