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Distribution International to launch amendment and extension Tuesday
By Sara Rosenberg
New York, May 24 – Distribution International is set to hold a lender call at 2 p.m. ET on Tuesday to launch an amendment and extension of its $206 million first-lien term loan, according to a market source.
RBC Capital Markets is the lead on the deal.
The amendment and extension is being done in conjunction with an acquisition.
Funding for the acquisition will come from sponsor equity and incremental privately placed second-lien debt, the source said.
Distribution International, a portfolio company of Advent International, is a Houston-based distributor of mechanical and industrial insulation and accessory products for the industrial, commercial and marine product markets.
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