Rinchem to launch $335 million credit facilities on Thursday

By Sara Rosenberg

New York, Jan. 25 – Rinchem Co. Inc. is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch $335 million of credit facilities, according to a market source.

RBC Capital Markets, Barclays, Deutsche Bank Securities Inc. and Macquarie Capital (USA) Inc. are the lead arrangers on the deal.

The facilities consist of a $35 million five-year revolver and a $300 million seven-year term loan B, the source said.

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

Closing is expected in the first quarter, subject to regulatory approvals and other customary conditions.

Rinchem is an Albuquerque-based specialty warehousing and logistics company.

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