Terrapure to launch new credit facilities during Nov. 4 week

By Sara Rosenberg

New York, Nov. 1 – Terrapure Environmental (Terra Bidco B.C. Ltd.) is set to hold bank meeting at 2:30 p.m. ET in New York on Tuesday and a bank meeting at 4 p.m. ET in Toronto on Wednesday to launch C$640 million U.S. dollar equivalent senior secured first-lien credit facilities, according to a market source.

Jefferies LLC, Deutsche Bank Securities Inc., Barclays and Credit Suisse Securities (USA) LLC are the arrangers on the deal.

The facilities consist of a C$60 million U.S. dollar equivalent five-year revolver and a C$580 million U.S. dollar equivalent seven-year first-lien term loan, the source said.

The company is also getting a C$75 million U.S. dollar equivalent privately placed eight-year senior secured second-lien term loan.

Proceeds will be used to help fund the buyout of the company by Pamplona Capital Management.

Terrapure is a Burlington, Ont.-based provider of environmental and industrial waste management services in Canada.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.