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PODS readies launch of $775 million term loan B for Monday afternoon
By Sara Rosenberg
New York, Nov. 10 – PODS LLC is set to hold a lender call at 1 p.m. ET on Monday to launch a $775 million senior secured term loan B, according to a market source.
Morgan Stanley Senior Funding Inc. and Barclays are the lead banks on the deal.
Proceeds will be used to refinance existing debt, fund a dividend and pay related fees and expenses.
PODS is a Clearwater, Fla.-based provider of storage and moving containers.
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