United Distribution considering refinancing first-, second-lien debt

By Sara Rosenberg

New York, May 25 – United Distribution Group Inc. is working with Barclays to evaluate potential alternatives to complete a comprehensive refinancing and recapitalization of its existing first- and second-lien loans, according to a market source.

On May 1, certain holders of the company’s second-lien loans received and exercised warrants for 95% of the equity units of United Distribution Group.

United Distribution Group is a Bristol, Tenn.-based distributor of industrial supplies.

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