Ozburn-Hessey to launch $380 million credit facility on Friday

By Sara Rosenberg

New York, March 15 - Ozburn-Hessey Holding Co. LLC is scheduled to hold a bank meeting on Friday to launch its proposed $380 million credit facility (B), according to a market source.

Bank of America is the lead bank on the deal.

The facility consists of a $35 million revolver and a $345 million term loan B, the source said.

Proceeds will be used to refinance existing debt.

Ozburn-Hessey is a Brentwood, Tenn.-based third party logistics provider.

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