Service Logic to launch $140 million incremental bank debt Wednesday

By Sara Rosenberg

New York, Feb. 24 – Service Logic is set to hold a lender call on Wednesday afternoon to launch $140 million of incremental bank debt, according to a market source.

Antares Capital is the lead on the deal.

The debt consists of a $40 million term loan and a $100 million delayed-draw term loan, the source said.

Proceeds will be used to finance acquisitions.

Service Logic, a Warburg Pincus portfolio company, is a Charlotte, N.C.-based provider of aftermarket maintenance, repair and replacement services for commercial HVAC equipment, chilled water systems and building automation and controls systems.

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