RealTruck Group tightens $180 million term loan OID to 97.5

By Sara Rosenberg

New York, Sept. 27 – RealTruck Group Inc. revised the original issue discount on its non-fungible $180 million incremental first-lien term loan due Jan. 29, 2028 (B2/B-) to 97.5 from talk in the range of 96.5 to 97, according to a market source.

Also, the 101 soft call protection on the incremental term loan was shortened to six months from one year, the source said.

Pricing on the incremental term loan remained at SOFR plus 500 basis points with a 0.75% floor.

Jefferies LLC is the arranger on the deal.

Commitments continued to be due at noon ET on Wednesday, the source added.

Proceeds will be used to fund an acquisition.

RealTruck, formerly known as Truck Hero, is an Ann Arbor, Mich.-based supplier and online destination for retailers of branded functional accessories for pickup trucks and Jeeps/Broncos as well as sport utility vehicles and other lightweight vehicles.

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