Autocam credit facility to launch Monday

By Sara Rosenberg

New York, May 11 - Autocam Corp. is scheduled to hold a bank meeting in the United States on Monday for its proposed credit facility, according to a market source. Goldman Sachs and Citigroup are the lead banks on the deal.

The facility consists of a $50 million revolver, a $50 million term loan and a €75 million term loan, the source said, adding that price talk is not yet available on the deal.

As was previously reported, proceeds will be used to fund the acquisition of Autocam Corp. by a consortium of investors led by Goldman Sachs Capital Partners LP, Transportation Resource Partners and Autocam senior management from Aurora Capital Group for $390 million, including assumed debt.

The acquisition is expected to close in June following customary regulatory approvals. Autocam was advised by Citigroup Global Markets Inc. and Gibson, Dunn & Crutcher LLP.

Autocam is a Kentwood, Mich., designer and manufacturer of specialty metal alloy components for the transportation and medical device industries.

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