Launch of senior debt syndication by Apollo Management VI, L.P. for TNT Logistics
Louis No. 1 Plc, an affiliate of an investor group led by Apollo Management VI, L.P., announces the launch of the syndication process for its and its subsidiaries’ euro805 million senior debt facilities in connection with the recent acquisition of the logistics business of TNT N.V. by subsidiaries of Louis No. 1 Plc. The euro805 million senior debt facilities comprise a euro500 million senior secured term loan facility, a euro150 million senior secured revolving facility and a euro155 million senior secured synthetic L/C facility. Meetings with prospective lenders have been scheduled for Tuesday 14 November and Wednesday 15 November in New York and London, respectively.”
About TNT Logistics
TNT Logistics is a leading global logistics company. It designs, implements and operates complex supply chain solutions on a national, regional or global scale for medium to large enterprises. It exploits technology to achieve optimisation, integration and visibility throughout the supply chain. The company focuses on a diverse range of market sectors including automotive, tyres, electronics, FMCG & retail and publishing & media.
TNT Logistics employs appr. 36,000 people, who are operating in 28 countries, managing over 7.3 million square metres of warehouse space. For 2005, TNT Logistics reported sales of euro3.556 billion.
On August 23, 2006 TNT NV announced the sale of its Logistics division to affiliates of Apollo Management L.P., a leading private equity firm focused on long term investments with offices in New York, London and Los Angeles.
According to Apollo, TNT Logistics is a world class business with dedicated professionals, a strong management team and an impressive customer list, which is perfect as a platform for growth and further development of its top position in the contract logistics business.
The TNT Logistics web site address is: www.tntlogistics.com.
For more information, contact:
TNT Logistics Headoffice
Koen van Zijl
Public Relations Officer
Tel: +31 20 500 8651
Email: [email protected]
