Material Handling to launch $265 million credit facilities Thursday

By Sara Rosenberg

New York, April 10 – Material Handling Systems Inc. is scheduled to hold a lender meeting at 10 a.m. ET on Thursday to launch $265 million in credit facilities, according to a market source.

RBC Capital Markets is the lead arranger and bookrunner on the transaction.

The facilities include a $25 million revolver and a $240 million first-lien term loan, the source said.

Material Handling Systems is a Louisville, Ky.-based provider of advanced parcel sortation systems, engineering, software controls, and equipment manufacturing for many of the top logistics and e-Commerce companies in the world.

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