Fleetpride readies launch of $870 million term loan for Tuesday

By Sara Rosenberg

New York, Sept. 18 – Fleetpride is scheduled to hold a lender call at 2 p.m. ET on Tuesday to launch an $870 million first-lien term loan due 2028, according to a market source.

RBC Capital Markets is the left lead arranger on the deal.

Proceeds will be used to extend the maturity of an existing $594 million first-lien term loan due January 2026 and to refinance existing ABL revolving credit facility borrowings.

Fleetpride, owned by American Securities, is an Irving, Tex.-based distributor of aftermarket heavy-duty truck and trailer parts.

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