Debt Capital Markets
Senior Unsecured Credit Facilities
|Client & Transactional Partners||Cintas Corporation||Our Role||
Left Lead Arranger
Cintas closes $1.2 Billion of Senior Unsecured Credit Facilities
On May 24 2019 KeyBanc Capital Markets (KBCM) closed $1.2 billion of Senior Unsecured Credit Facilities for Cintas Corporation No 2 (Cintas or the Company) consisting of a $1 billion 5-year Revolving Credit Facility (the facility) and a $200 million 1-year Term Loan Facility (the “Term Loan” and collectively, the “Credit Facilities”). Proceeds from the Credit Facilities will be used to refinance existing indebtedness, fund working capital needs and other general corporate purposes. KBCM acted as Left Lead Arranger, Joint Bookrunner and Administrative Agent on the transaction. KBCM was chosen to lead the financing based on our strong relationship with Cintas, robust Debt Capital Market capabilities and ongoing advisory services. KBCM has acted as Administrative Agent on the Company’s Credit Facilities since 2004 and has acted as Left Bookrunner on the Company’s last five bond offerings.