Trader Corp. to launch $395 million first-lien term loan on Thursday

By Sara Rosenberg

New York, Feb. 22 – Trader Corp. is scheduled to hold a lender call at 2 p.m. ET on Thursday to launch a $395 million first-lien term loan, according to a market source.

Goldman Sachs Bank USA, J.P. Morgan Securities LLC and Macquarie Capital (USA) Inc. are the leads on the deal.

Proceeds will be used to reprice an existing first-lien term loan from Libor plus 400 bps with a 1% Libor floor, the source said

Trader Corp. is an Etobicoke, Ont.-based digital automotive marketplace.

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