Calyon last week launched syndication of a $340 million credit backing the acquisition of Envirocare of Utah by an investment group led by Lindsay Goldberg & Bessemer. The credit comprises a $10 million revolver and a $330 million "B" loan. Both have a tenor of five years and launched at LIBOR plus 3 1/2%.
The sponsors are buying the company from a private individual, Khosrow Semnani. The company handles low level radioactive waste. Andrew Weinberg, a principal at Lindsay Goldberg, referred calls to Calyon bankers, who declined comment. Tim Barney, senior executive v.p. at Envirocare, did not return calls.