Salem Leasing/Salem Carriers $150 million credit facility to launch Wednesday

By Sara Rosenberg

New York, Feb. 22 - Salem Leasing/Salem Carriers is scheduled to hold a bank meeting on Wednesday to launch its proposed $150 million five-year revolving credit facility, according to a syndicate document. Wachovia is the lead bank on the deal.

The revolver will launch with opening pricing of Libor plus 125 basis points, the document said.

Proceeds will be used to refinance existing debt.

Salem is a Winston-Salem, N.C., full service truck leasing business.

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