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Roofing Supply to launch $320 million credit facility Wednesday
By Sara Rosenberg
New York, July 24 - The Roofing Supply Group is scheduled to hold a bank meeting on Wednesday to launch its proposed $320 million credit facility, according to a market source.
JPMorgan and Goldman Sachs are the lead banks on the deal, with JPMorgan the left lead.
The facility consists of a $50 million revolver, a $185 million first-lien term loan and an $85 million second-lien term loan, the source said.
Proceeds will be used to help fund Sterling's leveraged buyout of the company.
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