FleetPride plans to launch $430 million credit facility on Tuesday

By Paul A. Harris

Portland, Ore., Nov. 10 - FleetPride, Inc. plans to launch a $430 million credit facility at a Tuesday bank meeting, market sources say.

Bank of America Merrill Lynch and Deutsche Bank Securities Inc. are the leads.

The deal is comprised of a $370 million six-year term loan and a $60 million revolver.

The Woodlands, Texas-based distributor of heavy truck and trailer parts plans to use the proceeds to refinance bank debt.

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