UBS is leading the $245 million facility backing Harvest Partners' acquisition of New Flyer Industries from KPS Special Situations Funds. The acquisition price has not been disclosed. The facility comprises a $40 million revolver, $150 million term loan and $55 million synthetic letter of credit facility, according to a banker. The deal is set to hit the market in early February. Lightyear Capital is a significant investor alongside Harvest. New Flyer is a manufacturer of heavy duty urban transit buses. A Lightyear spokeswoman referred calls to Harvest who did not return calls.
UBS Preps New Flyer Buyout