ValleyCrest $345 million credit facility to launch Tuesday

By Sara Rosenberg

New York, Sept. 7 - ValleyCrest Companies is scheduled to hold a bank meeting on Tuesday to launch a roughly $345 million first- and second-lien credit facility, according to a market source.

Goldman Sachs and UBS are joint bookrunners on the deal, with Goldman the left lead.

Proceeds will be used to help fund the leveraged buyout of ValleyCrest by MSD Capital.

ValleyCrest is a Calabasas, Calif., provider of landscape services.

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