Management Services to launch $1.02 billion term loan B on Thursday

By Sara Rosenberg

New York, Jan. 7 – Management Services (Maverick Purchaser Sub LLC) is set to hold a bank meeting on Thursday to launch a $1.015 billion first-lien term loan B (Ba3/B), according to a market source.

J.P. Morgan Securities LLC is the left lead on the deal.

The company is also getting a $200 million revolver (Ba3/B).

Proceeds will be used to help fund the buyout of the company by Lindsay Goldberg and American Securities LLC from Aecom for $2.405 billion.

Other funds for the transaction will come from equity.

Closing is expected this quarter, subject to customary conditions and regulatory approvals.

Management Services is a Germantown, Md.-based provider of classified and unclassified services to the U.S. federal government and allied governments.

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