Transcendia to launch $455 million credit facilities on Thursday

By Sara Rosenberg

New York, April 25 – Transcendia is set to hold a bank meeting at 1 p.m. ET in New York on Thursday to launch $455 million in credit facilities, according to a market source.

Goldman Sachs Bank USA is the lead bank on the deal.

The facilities consist of a $50 million revolver, a $280 million first-lien term loan and a $125 million second-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company.

Transcendia is a Franklin Park, Ill.-based provider of custom engineered specialty films materials across a broad range of end-markets.

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