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Maher Terminals seeks $1.23 billion credit facility
By Sara Rosenberg
New York, June 20 - Maher Terminals is currently in market with a $1.23 billion credit facility, according to a market source.
RBC Capital is the lead bank on the deal.
The facility consists of a $20 million revolver talked at Libor plus 150 basis points, a $260 million capital expenditures facility talked at Libor plus 150 bps, an $800 million first-lien term loan talked at Libor plus 150 bps and a $150 million second-lien term loan talked at Libor plus 375 bps, the source said.
Proceeds will be used to help fund the acquisition of Maher by Rreef Infrastructure.
Maher is a Berkeley Heights, N.J., operator of Port terminal facilities in Port Elizabeth and Port of Prince Rupert.
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