Vertex readies launch of $260 million term loan B for Wednesday

By Sara Rosenberg

New York, June 7 – Vertex Co. is set to hold a lender call at 9 a.m. ET on Wednesday to launch its non-fungible $260 million incremental term loan B due December 2028, according to a market source.

RBC Capital Markets, MUFG, Stifel, US Bank and Citizens Bank are the leads on the deal.

Proceeds will be used to support the company’s merger with Vectrus Inc.

Closing is expected in the third quarter.

Vertex is a Madison, Miss.-based defense aerospace company. Vectrus is a Colorado Springs-based military and government services company.

© 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.