Radio Systems seeks $195 million credit facility

By Sara Rosenberg

New York, Oct. 11 - Radio Systems Corp. is in market with a $195 million senior secured credit facility (B1/B), according to a market source.

Fifth Third and Morgan Stanley are the lead banks on the deal.

The facility consists of a $150 million term loan B talked at Libor plus 275 to 300 basis points and a $45 million revolver talked at Libor plus 225 bps, the source said.

Proceeds will be used to fund the acquisition of Invisible Technologies Inc.

Radio Systems is a pet containment company.

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