Venture Transport Logistics to launch $200 million credit facility March 24 week

By Sara Rosenberg

New York, March 10 - Venture Transport Logistics LLC is planning on holding a bank meeting during the week of March 24 to launch its proposed $200 million senior credit facility, according to a market source.

GE Capital and CIT are the lead banks on the deal.

The facility consists of a $50 million revolver and a $150 million term loan B, the source said.

Proceeds will be used to help fund acquisitions and refinance existing debt.

Venture Transport, a Welsh, Carson, Anderson & Stowe portfolio company, is a Lafayette, La.-based provider of expedited land transportation and logistics services.

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