AIT Worldwide to launch $210 million incremental term loan on Tuesday

By Sara Rosenberg

New York, Nov. 29 – AIT Worldwide Logistics will hold a lender call at 1 p.m. ET on Tuesday to launch a fungible $210 million incremental first-lien term loan, according to a market source.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Proceeds will be used to fund the purchase price of Select Express, pay down revolving credit facility borrowings, and pay transaction fees and expenses.

Closing is expected on Dec. 17.

The Jordan Co. is the sponsor.

AIT is an Itasca, Ill.-based provider of end-to-end supply chain services, with a focus on providing logistics solutions for customers with complex supply chain needs and highly specialized, hard-to-transport freight. Select Express is a New York-based final mile third-party logistics solutions provider.

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