LaserShip to launch $955 million credit facilities on Tuesday

By Sara Rosenberg

New York, April 19 – LaserShip (ASP LS Acquisition Corp.) is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch $955 million of senior secured credit facilities, according to a market source.

Jefferies LLC, RBC Capital Markets, UBS Investment Bank, Goldman Sachs Bank USA and Natixis are the lead arrangers on the deal.

The facilities consist of a $75 million five-year revolver, a $675 million seven-year first-lien term loan and a $205 million eight-year second-lien term loan, the source said.

Included in the first-lien term loan is 101 soft call protection for six months, and the second-lien term loan has hard call protection of 102 in year one and 101 in year two.

Proceeds will be used to help fund the buyout of the company by American Securities LLC.

LaserShip is a regional last mile parcel delivery provider in the eastern U.S. with a focus on business to consumer deliveries for e-commerce retailers.

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