MHS to launch $45 million term loan add-on with Thursday lender call

By Paul A. Harris

Portland, Ore., Jan. 23 – MHS, Inc. (Material Handling Systems) plans to announce the original issue discount on a $45 million fungible add-on to its existing Libor plus 500 basis points (0% Libor floor) term loan B due May 1, 2024 on a Thursday lender call, according to a market source.

Prior to the add-on, the existing amount of the term loan B is $580 million.

RBC Capital Markets LLC is the bookrunner.

The Mt. Washington, K.Y.-based provider of parcel handling solutions plans to use the proceeds to repay borrowings under its revolving credit facility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.