Jones Day Represents KeyBank in $1.9 Billion Credit Facility for Kenan Advantage Group
1 report, 1 independent
Updated Oct 19
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What happened
Jones Day acted as administrative and collateral agent for KeyBank and ten other lead arrangers for new credit facilities for The Kenan Advantage Group. The credit facilities total approximately $1.9 billion, consisting of a $1.64 billion term loan, a $48 million Canadian dollar term loan, and a $220 million revolver.
From abladvisor.com
Why it matters
The financing supports The Kenan Advantage Group, which is North America’s largest tank truck transporter and logistics provider. This transaction provides significant capital to the company to support its operations, which involve transporting bulk liquids and chemicals across the US and Canada.
From abladvisor.com
Who's involved
- KeyBankParticipated in arranging new credit facilities for The Kenan Advantage Group
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The entities involved
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KeyBank
American regional bank headquartered in Cleveland, Ohio