Tank Holding to launch $355 million term loan repricing on Tuesday

By Sara Rosenberg

New York, Sept. 24 - Tank Holding Corp. is scheduled to hold a conference call on Tuesday to launch a repricing of its $355 million covenant-light term loan, according to a market source.

Current pricing on the loan is Libor plus 550 basis points with a 1.25% Libor floor.

GE Capital Markets is the lead bank on the deal.

Tank Holding is a Lincoln, Neb.-based manufacturer of polyethylene and steel material handling products.

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