TRC shops $43 million incremental first-lien loan at par price

By Sara Rosenberg

New York, Nov. 2 – TRC Cos. Inc. is in market with a $43 million incremental first-lien term loan (B2/B) due June 2024 that is talked at Libor plus 350 basis points with a 1% Libor floor and a par issue price, according to a market source.

UBS Investment Bank is the lead bank on the deal that launched with a call on Thursday.

Commitments are due on Wednesday, the source said.

Proceeds will be used to refinance existing debt and for general corporate purposes.

TRC is a Windsor, Conn.-based engineering, environmental consulting and construction management firm.

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