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EnviroSolutions shops $215 million credit facility
By Sara Rosenberg
New York, June 15 - EnviroSolutions Holdings Inc. is in-market with a $215 million senior secured credit facility (B2/B-), according to a market source.
Deutsche Bank and Lehman Brothers are the lead banks on the deal, with Deutsche the left lead.
The facility, which launched Tuesday, consists of a $40 million revolving credit facility talked at Libor plus 350 basis points and a $175 million term loan talked at Libor plus 375 to 400 bps, the source said.
Proceeds will be used to refinance existing debt.
EnviroSolutions is a Chantilly, Va., integrated solid waste management company.
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