GeoStabilization to launch $175 million term loan on Thursday

By Sara Rosenberg

New York, Sept. 20 – GeoStabilization International is set to hold a lender call at noon ET on Thursday to launch a $175 million first-lien term loan due December 2028, according to a market source.

UBS Investment Bank and KKR Capital Markets are the leads on the deal.

Proceeds will be used to amend and extend an existing $175 million covenant-lite first-lien term loan due December 2025.

The existing term loan was issued in 2018 to fund the buyout of the company by KKR.

GeoStabilization is a provider of highly specialized, mission-critical, and non-discretionary geohazard mitigation solutions across the United States and Canada.

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