Daseke readies launch of $250 million term loan for Tuesday

By Sara Rosenberg

New York, June 12 – Daseke Inc. is set to hold a bank meeting on Tuesday to launch a $250 million term loan, according to a market source.

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

Price talk on the term loan is Libor plus 475 basis points with a 1% Libor floor and an original issue discount of 99, the source said.

The term loan has 101 soft call protection for six months.

Proceeds will be used to refinance existing debt, to help fund an acquisition and for general corporate purposes.

Daseke is an Addison, Texas-based open-deck/specialty transportation company.

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