BNP Paribas is expected to launch syndication at a New York bank meeting Tuesday of a $175 million credit facility for CST Industries' acquisition by The Sterling Group. The deal consists of a $20 million revolver, a $100 million term loan "B" and $55 million in mezzanine financing. Price talk is LIBOR plus 3% on all tranches.
BNP Leads Aquisition Credit