Odyssey moves $627 million credit facilities launch to Monday

By Sara Rosenberg

New York, July 6 – Odyssey Logistics & Technology Corp. rescheduled the lender call for its roughly $627 million of credit facilities to 2 p.m. ET on Monday from 2 p.m. ET on Thursday, 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.

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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