Osmose Holdings to launch $435 million credit facility on Wednesday

By Sara Rosenberg

New York, July 30 – Osmose Holdings is set to hold a bank meeting at 10 a.m. ET on Wednesday to launch a $435 million credit facility, according to a market source.

Goldman Sachs Bank USA and RBC Capital Markets are the lead banks on the deal.

The facility consists of a $45 million five-year revolver, a $275 million seven-year first-lien covenant-light term loan and a $115 million eight-year second-lien covenant-light term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Kohlberg & Co.

Osmose is a Tyrone, Ga.-based service provider safeguarding utility infrastructure.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.