Hudson-Airgas deal financed with PNC facility and FS Investments/GSO term loan

The Hudson-ARI acquisition is financed via available cash, a $150M asset-based lending facility from PNC Bank, and a new $95M-$110M term loan from funds advised by FS Investments and sub-advised by GSO Capital Partners LP, with no additional Hudson equity issued.

“It will be financed with available cash balances plus borrowings under an enhanced asset-based lending facility of $150 million from PNC Bank and a new term loan from funds advised by FS Investments and sub-advised by GSO Capital Partners LP of between $95 million and $110 million.”

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