Trader Corp. plans C$760 million credit facility with buyout

By Sara Rosenberg

New York, July 7 – Trader Corp. is expected to come to market sometime this summer with a C$760 million credit facility, according to a market source.

The facility consists of a C$50 million revolver, a C$510 million first-lien term loan and a C$200 million second-lien term loan, the source said.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Macquarie Capital and UBS Investment Bank are leading the debt, with Goldman the left lead on the first-lien debt and JPMorgan the left lead on the second-lien loan.

Proceeds will be used to help fund the buyout of the company by Thoma Bravo LLC for about C$1,575,000,000.

Closing is expected by the fourth quarter, subject to customary conditions.

Trader Corp. is an Ontario-based digital automotive marketplace.

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