Pasha Group talks $150 million term loan at Libor plus 750 bps

By Sara Rosenberg

New York, Nov. 28 – Pasha Group is in market with a $150 million five-year term loan (BB-) that is talked at Libor plus 750 basis points with a 1% Libor floor and an original issue discount of 97, according to a market source.

The term loan has call protection of 105 in year one, 102 in year two and 101 in year three, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to refinance existing debt.

Pasha Group is a San Rafael, Calif.-based diversified logistics and transportation services company.

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