Pilot Travel Seeks $2.6B In Loans

Pilot Travel Centersis seeking $2.6 billion of new loans to refinance its debt,Bloombergreports.Bank of America,Wells FargoandSunTrust Bankswill raise an $800 million revolving credit line and an $800 million term loan A, both due in five years.

The lenders will also provide a $1 billion term loan B due to mature in seven years. The Tennessee-based travel centers operator, which raised $800 million term loan B in November last year, also has a $500 million term loan A and a $500 million revolver.

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