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Watco plans new credit facility, notes for refinancing of bank debt
By Sara Rosenberg and Paul A. Harris
New York, March 8 - Watco Cos. LLC plans to use borrowings under a new credit facility, along with a $400 million senior notes offering, to repay an existing credit facility, according to a market source.
Watco is a Pittsburg, Kan.-based railroad operator and rail car maintenance and repair services provider.
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