EnTrans readies launch of $255 million term loan for Tuesday

By Sara Rosenberg

New York, Oct. 12 – EnTrans International LLC will hold a bank meeting at 11 a.m. ET in New York on Tuesday to launch a $255 million seven-year first-lien term loan, according to a market source.

Credit Suisse Securities (USA) LLC and Barclays are the leads on the deal.

The term loan has a 0% Libor floor and 101 soft call protection for six months, the source said.

Proceeds will be used to refinance existing debt.

Commitments are due on Oct. 30, the source added.

EnTrans is an Athens, Tenn.-based producer of aluminum and stainless steel tank trailers and related parts and 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.