Ozburn-Hessey to launch LBO loan Tuesday

By Sara Rosenberg

New York, July 14 - Ozburn-Hessey Logistics LLC is scheduled to hold a bank meeting Tuesday to launch a new credit facility that will be used to help fund a leveraged buyout of the company by Welsh, Carson, Anderson & Stowe, according to a market source.

Morgan Stanley and Bear Stearns are the lead banks on the deal, with Morgan Stanley left lead.

No further details on the credit facility are available at this time.

Ozburn-Hessey is a Nashville-based third-party logistics provider.

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