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Bell Sports new credit facility expected to be post-Labor Day business
By Sara Rosenberg
New York, Aug. 13 - Bell Sports Corp.'s new credit facility that will be used to help fund Fenway Partners Inc.'s acquisition of the company is expected to be post-Labor Day business, according to a market source. Goldman Sachs is the sole lead on the new deal.
No other details on the bank financing are available at this time, the source said.
Under the acquisition agreement, Fenway will purchase Bell Sports for about $240 million from an investor group that includes GarMark Partners LP, Wachovia Investors Inc. and Chartwell Investors. The transaction will merge Bell Sports and Riddell Sports Group, which Fenway purchased in June 2003.
Bell Sports is an Irving, Texas, marketer of helmets and accessories for bicycling and other action sports. Riddell is a Chicago provider of football helmets and other branded sporting goods, equipment reconditioning services and sports collectibles.
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