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Capstone Logistics to launch new credit facility on Wednesday
By Sara Rosenberg
New York, Sept. 15 – Capstone Logistics LLC set a bank meeting for 1 p.m. ET on Wednesday to launch the first-lien portion of its $277.5 million senior secured credit facility, according to a market source.
Goldman Sachs Bank USA, BNP Paribas Securities Corp. and Fifth Third Securities Inc. are the lead banks on the deal.
The facility consists of a $30 million five-year revolver, a $182.5 million seven-year first-lien term loan and a $65 million eight-year second-lien term loan that was privately placed, the source said.
Proceeds will be used to help fund the buyout of the company by Jordan Co.
Capstone is a Peachtree Corners, Ga.-based performance workgroup partner.
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