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Odyssey Logistics to launch $627 million credit facilities Thursday
By Sara Rosenberg
New York, July 5 – Odyssey Logistics & Technology Corp. is scheduled to hold a lender call at 2 p.m. ET on Thursday to launch roughly $627 million of credit facilities, according to a market source.
UBS Investment Bank, Credit Suisse Securities (USA) LLC, JPMorgan Chase Bank, RBC Capital Markets, Citizens Bank and KeyBanc Capital Markets are the arrangers on the deal.
The facilities consist of a $125 million revolver and a $502,333,867 first-lien term loan, the source said.
Proceeds will be used to amend and extend the company’s existing first-lien credit facilities, while also increasing the revolver size from its current amount.
In conjunction with the extension, the company’s second-lien term loan will be paid down using cash on the balance sheet.
Odyssey Logistics is a Danbury, Conn.-based provider of multi-modal logistics services and technology solutions.
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