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Osmose Holdings to launch $435 million credit facility on Wednesday
By Sara Rosenberg
New York, July 30 – Osmose Holdings is set to hold a bank meeting at 10 a.m. ET on Wednesday to launch a $435 million credit facility, according to a market source.
Goldman Sachs Bank USA and RBC Capital Markets are the lead banks on the deal.
The facility consists of a $45 million five-year revolver, a $275 million seven-year first-lien covenant-light term loan and a $115 million eight-year second-lien covenant-light term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Kohlberg & Co.
Osmose is a Tyrone, Ga.-based service provider safeguarding utility infrastructure.
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