Bain Capital buyout of US LBM to include $390 million unsecured debt

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Nov. 30 – The buyout of U.S. LBM Holdings Inc. by Bain Capital Private Equity will include $390 million of unsecured debt, according to a market source.

A bank deal also backing the buyout, comprised of a $1.2 billion term loan and a $300 million delayed-draw term loan, is set to launch at a Tuesday bank meeting via bookrunners Barclays, BofA Securities Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets, Truist, Deutsche Bank Securities Inc. and U.S. Bank.

The borrowing entity coming to the bond and bank loan market will be special purpose vehicle LBM Acquisition, LLC.

The buyout of the Buffalo Grove, Ill.-based distributor of specialty building materials is expected to close in December.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.