Harlan Sprague Dawley $190 million credit facility to launch Nov. 29

By Sara Rosenberg

New York, Nov. 22 - Harlan Sprague Dawley Inc. is scheduled to hold a bank meeting on Nov. 29 to launch its proposed $190 million credit facility, according to a market source.

UBS and Credit Suisse First Boston are the lead banks on the deal.

The facility consists of a $15 million five-year dollar-denominated revolver, a $15 million five-year euro-equivalent revolver and a $160 million six-year term loan, the source said.

Proceeds will be used to help finance Genstar Capital LLC's acquisition of the company.

Harlan is an Indianapolis-based provider of laboratory animals and services to support the scientific community.

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