Radio Systems gets $725 million debt commitment for buyout

By Sara Rosenberg

New York, May 12 – Radio Systems Corp. has received a commitment for a $100 million ABL facility and a $625 million senior secured bridge loan to support its acquisition by Clayton, Dubilier & Rice, according to a market source.

UBS Investment Bank, Fifth Third Bank, BMO Capital Markets and BNP Paribas Securities Corp. provided the debt commitment.

Pro forma leverage is expected to be around 5.5x, the source said.

Closing is expected around June.

Radio Systems is a Knoxville, Tenn.-based designer and distributor of pet health and safety products.

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