RailAmerica to launch $75 million term loan add-on this week

By Sara Rosenberg

New York, Sept. 6 - RailAmerica Inc. is planning on launching a $75 million add-on to its term loan later this week, according to a market source.

UBS is the lead bank on the deal.

"Current term loan pricing is Libor plus 200 basis points, so I would assume that's where this will be," the source said.

Proceeds from the add-on will be used for a small acquisition.

RailAmerica is a Boca Raton, Fla., owner and operator of short line freight railroad and regional rail service.

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