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TRC talks $215 million incremental term loan at Libor plus 375-400 bps
By Sara Rosenberg
New York, Oct. 31 – TRC Cos. Inc. launched on Thursday its $215 million incremental first-lien term loan with price talk of Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99.5, according to a market source.
UBS Investment Bank, Barclays, Citizens Bank and Macquarie Capital (USA) Inc. are the leads on the deal.
Commitments are due on Nov. 13, the source said.
Proceeds will be used to fund an acquisition.
TRC is a Lowell, Mass.-based engineering, environmental consulting and construction management firm.
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