PE-Backed Tervita Closes $850M Refinancing
Tervita Corp. has closed refinancing deals totaling approximately C$850 million. One of the transactions involved a US$650 million offering of senior secured notes, and the other a C$200 million offering in senior secured notes (both due in 2018). The Calgary-based environmental and energy services company announced in January that it intended to refinance existing senior credit facilities due to mature in 2014. Tervita was taken private for C$3.5 billion in 2007 by CAI Private Equity, Goldman Sachs Capital Partners, Kelso & Co., Vestar Capital Partners, OSS Capital Management and other investors.
20 February 2013•3 mins read
