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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 3/8/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Pilot Travel intends to redeem bonds using credit facility proceeds

By Melissa Kory

Cleveland, March 8 - Pilot Travel Centers LLC said it intends to redeem some bonds using proceeds from its proposed $2.6 billion senior secured credit facility.

The facility consists of an $800 million revolver, an $800 million term loan A and a $1 billion term loan B.

Pilot Travel Centers is a Knoxville, Tenn.-based operator of travel centers.


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