SI Organization to launch $339 million term loan B on Thursday

By Sara Rosenberg

New York, April 24 - SI Organization is scheduled to hold a lender call at 2 p.m. ET on Thursday to launch a $339 million term loan B, which is a $45 million increase from the company's existing term loan B size, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to fund an acquisition and refinance existing debt.

SI Organization is a Valley Forge, Pa.-based provider of high-end systems engineering and integration services to the U.S. intelligence community.

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