Keane Group Holdings to launch $350 million term loan on Monday

By Sara Rosenberg

New York, May 3 – Keane Group Holdings LLC will hold a lender call at 1 p.m. ET on Monday to launch a $350 million seven-year senior secured term loan, according to a market source.

Barclays is the left lead arranger on the deal and the administrative agent.

Proceeds will be used to repay the company’s existing term loan, for general corporate purposes, including to finance potential future shareholder distributions, and to pay related fees and expenses.

Kean Group is a Houston-based provider of integrated well completion services.

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