Swift Transportation Said to Seek to Refinance $847 Million Loan
February 23, 2012, 7:46 AM ESTBy Michael Amato
Feb. 21 (Bloomberg) -- Swift Transportation Co., the largest truck carrier in North America, is seeking to refinance its existing $874 million term loan, according to a person with knowledge of the transaction.
Bank of America Corp., Morgan Stanley and Wells Fargo & Co. are arranging the financing for the Phoenix-based company, said the person who declined to be identified because the terms are private. Swift Transportation will host a lender call tomorrow at 11 a.m. in New York to discuss the deal.
The financing will include a $674 million term loan B-2 due in December 2017 and a $200 million term portion B-1 maturing in December 2016, the person said.
To contact the reporter on this story: Michael Amato in New York at mamato3@bloomberg.net
To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net
