Kellermeyer to launch $243 million credit facility on Wednesday

By Sara Rosenberg

New York, Oct. 3 – Kellermeyer Bergensons Services LLC is scheduled to hold a bank meeting on Wednesday to launch a $243 million credit facility, according to a market source.

BNP Paribas Securities Corp. and CIT are the leads on the deal.

The facility consists of a $30 million revolver, a $148 million first-lien term loan and a $65 million second-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company by GI Partners from Kohlberg & Co. LLC.

Closing is expected in the fourth quarter, subject to regulatory approvals and customary conditions.

Kellermeyer is a provider of integrated facilities management services to retail and grocery chains with headquarters in Oceanside, Calif., and Maumee, Ohio.

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