True Temper to bring $125 million credit facility via CSFB

By Sara Rosenberg

New York, Feb. 12 - True Temper Corp. is expected to come to market with a proposed $125 million credit facility to help support its leveraged buyout by management and Gilbert Global Equity Partners from Cornerstone Equity Investors. Credit Suisse First Boston is the sole lead arranger on the deal.

Timing, structure and pricing on the credit facility are still to be determined, according to a syndicate document.

Details of the buyout agreement were not disclosed when the transaction was first announced at the start of last week.

However it was said that the deal is expected to close within the next 90 days and is subject to regulatory approval and other customary closing conditions.

True Temper is a Memphis, Tenn., manufacturer of golf shafts and performance sports products for the bicycle, hockey and sporting goods industry.

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