Savage Enterprises to launch $275 million term loan B on Monday

By Sara Rosenberg

New York, April 5 – Savage Enterprises LLC is scheduled to hold a lender call at 11 a.m. ET on Monday to launch a $275 million incremental senior secured first-lien term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the left lead arranger on the deal.

Proceeds will be used to support an acquisition to be announced in the week of April 8.

Savage Enterprises is a Salt Lake City-based supply chain provider.

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