CHS Taps Goldman For Baker Buyout

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CHS Taps Goldman For Baker Buyout

Goldman Sachs has landed the sole lead on the $145 million financing backing Code Hennessy & Simmons and management's acquisition of Baker Tanks from the Pritzker family.

Goldman Sachs has landed the sole lead on the $145 million financing backing Code Hennessy & Simmons and management's acquisition of Baker Tanks from the Pritzker family. The facility comprises a $125 million term loan and $20 million revolver. Pricing has not yet been determined, but syndication is set to launch this week. Baker rents liquid and solid containment equipment. The Pritzker family, owners of the Hyatt Corp. hotel chain, acquired Baker in October 1996. Terms of the transaction were not disclosed.

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