Alliance Laundry to launch $230 million term loan on Wednesday

By Sara Rosenberg

New York, Feb. 18 - Alliance Laundry Holdings LLC will hold a bank meeting at 9:30 a.m. ET on Wednesday to launch a $230 million incremental first-lien term loan, according to a market source.

BMO Capital Markets and Bank of America Merrill Lynch are the lead banks on the deal.

Proceeds will be used to help fund the acquisition of Primus Laundry Equipment Group, a Gullegem, Belgium-based marketer of commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment.

Closing is expected by the end of March, subject to customary conditions.

Alliance Laundry is a Ripon, Wis.-based designer, manufacturer and marketer of commercial laundry equipment.

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