Market Chatter: UBS-Led Group Finances Echo Global Logistics' Acquisition of ITS Logistics

MT Newswires Live

Apr 09

UBS-led (UBS) lender group has funded TJC-backed Echo Global Logistics' acquisition of ITS Logistics, after talks to sell the $765 million loan for the merger were paused due to ongoing market turbulence, Bloomberg reported Wednesday evening, citing people familiar with the matter.

The UBS-led group funded the loan after the acquisition was completed at the end of March, the people reportedly said, adding that the group plans to try to syndicate the debt to investors at a later date.

UBS, TJC and Echo Global Logistics did not immediately respond to MT Newswires' request for comment on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ECHO","symbol_name":"Echo Global Logistics","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2626826741","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626826741","pubTimestamp":1775738101,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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