Logistec upsizes with C$300 million four-year revolver

By Wendy Van Sickle

Columbus, Ohio, Dec. 5 – Logistec Corp. entered an upsized C$300 million four-year revolving credit facility with an option to increase the facility to up to C$400 million, according to a news release.

Bank of Montreal and TD Securities acted as co-lead arrangers and joint bookrunners.

The revolver will expire in October 2023. It increases Logistec's borrowing flexibility and allows the company to pursue growth opportunities, while enhancing its financial position through favorable terms and conditions, the release said.

Montreal-based Logistec provides specialized services to the marine community and industrial companies.

© 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.