Transplace to launch $25 million add-on loan, repricing on Wednesday

By Sara Rosenberg

New York, March 27 – Transplace Holdings Inc. is scheduled to hold a lender call at 2 p.m. ET on Wednesday to launch a fungible $25 million add-on senior secured first-lien term loan and a repricing of its existing $400 million senior secured first-lien term loan, according to a market source.

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

Proceeds from the add-on term loan will be used to pay down $25 million of second-lien borrowings, the source said.

Transplace is a Frisco, Texas-based provider of highly configurable transportation management solutions, with a complementary suite of specialized third-party logistics services.

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