Coinmach Service Corp. Announces Proposed Refinancing of Its Senior Credit Facility
14 Novembro 2005 - 7:01PM
Business Wire
Coinmach Service Corp. (AMEX: "DRY") (the "Company") announced
today that its subsidiary, Coinmach Corporation, intends to
refinance its senior secured credit facility. The new facility is
expected to consist of a $75 million revolving credit facility and
a $570 million term loan facility. The $570 million term loan
facility would be used to refinance approximately $230 million of
existing term debt and, the balance of approximately $340 million,
to retire Coinmach Corporation's 9% Senior Notes due 2010. Deutsche
Bank Securities Inc. and J.P. Morgan Securities Inc. are expected
to be joint lead arrangers in the refinancing. This press release
does not constitute an offer to buy or sell any securities or a
solicitation of an offer to buy or sell any securities. Statements
in this press release that are not statements of historical or
current fact constitute "forward-looking statements." Such
forward-looking statements involve risks, uncertainties and other
factors that could cause the actual results of the Company to be
materially different from historical results or future results
expressed in such statements. Such risks, uncertainties and other
factors include those described in the Company's filings with the
Securities and Exchange Commission.
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