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RailAmerica $450 million credit facility to launch Friday
By Sara Rosenberg
New York, Sept. 8 - RailAmerica Inc. is scheduled to launch a $450 million credit facility on Friday, according to a market source.
UBS is the lead bank on the deal, but whether they are sole lead was unclear prior to press time.
The facility consists of a $100 million revolver and a $350 million term loan.
Proceeds will be used to refinance existing debt, the source said.
RailAmerica is a Boca Raton, Fla., short-line and regional rail service provider.
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