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Prospect News home > News index > List of issuers R > Headlines for RailAmerica Inc. > News item
Published on 6/15/2009 in the Prospect News Bank Loan Daily.

RailAmerica to repay term loan borrowings with notes proceeds

By Sara Rosenberg and Paul A. Harris

New York, June 15 - RailAmerica Inc. plans to repay term loan debt using proceeds from a $700 million offering of eight-year senior secured notes, according to a market source.

Remaining proceeds will be used to repay a swap and for general corporate purposes.

RailAmerica is a Jacksonville, Fla.-based short-line and regional rail service provider.


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