TKC Holdings to launch $1.18 billion credit facilities on Tuesday

By Sara Rosenberg

New York, April 19 – TKC Holdings Inc. will hold a lender call on Tuesday to launch $1.175 billion of credit facilities, according to a market source.

Jefferies LLC is the lead arranger on the deal.

The facilities consist of a $50 million five-year revolver and a $1.125 billion seven-year first-lien term loan, the source said.

Proceeds will be used with $500 million of senior unsecured notes to refinance the company’s existing capital structure.

TKC is a St. Louis-based provider of commissary, food service and related technology products to the corrections industry.

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