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Sirva to launch $350 million credit facility on Thursday morning
By Sara Rosenberg
New York, Oct. 26 – Sirva is scheduled to hold a bank meeting at 10 a.m. ET in New York on Thursday to launch a $350 million credit facility, according to a market source.
Goldman Sachs Bank USA and Jefferies Finance LLC are the leads on the deal.
The facility consists of a $50 million revolver and a $300 million first-lien term loan, the source said.
Proceeds will be used to refinance existing debt.
Sirva is an Oakbrook Terrace, Ill.-based provider of end-to-end relocation and moving solutions to corporations, government agencies and individual consumers.
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