Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AIT Worldwide Logistics > News item |
AIT Worldwide to launch $415 million first-lien term loan on Thursday
By Sara Rosenberg
New York, March 17 – AIT Worldwide Logistics is scheduled to hold a lender call at 1 p.m. ET on Thursday to launch a $415 million first-lien term loan, according to a market source.
Goldman Sachs Bank USA, Credit Suisse Securities (USA) LLC, BMO Capital Markets, BNP Paribas Securities Corp. and Citizens Bank are the leads on the deal.
The company is also getting a $125 million privately placed second-lien term loan, the source said.
Proceeds will be used to help fund the buyout of the company by the Jordan Co. from Quad-C Management Inc.
Closing is expected at the end of March, subject to customary closing conditions and completion of review under antitrust laws.
AIT Worldwide is an Itasca, Ill.-based non-asset based third party logistics platform, providing an integrated suite of global, end-to-end supply chain services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.