RGIS Inventory Specialists seeks $570 million credit facility

By Sara Rosenberg

New York, Oct. 24 - RGIS Inventory Specialists is in-market with a $570 million credit facility that will be used to pay a dividend to shareholders, according to a market source. JPMorgan is leading the deal.

The facility, which launched Friday, consists of a $70 million revolving credit facility (B+) talked at Libor plus 250 basis points, a $350 million term loan B (B+) talked at Libor plus 250 bps and a $150 million second-lien term loan (B-) talked at Libor plus 600 bps, the source said.

RGIS is an Auburn Hills, Mich., third-party inventory taker.

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