Tecomet sets lender call for $135 million incremental term loan

By Paul A. Harris

Portland, Ore., Feb. 14 – Tecomet and Tecostar Holdings, Inc. plan to participate in a lender call at 1 p.m. ET on Tuesday as they launch a $135 million fungible incremental first-lien term loan due May 1, 2024 into the market, according to a market source.

Jefferies LLC, Antares and KKR Capital Markets are the arrangers.

The Wilmington, Mass.-based provider of precision manufacturing solutions to medical device, aerospace and defense original equipment manufacturers plans to use the proceeds to fund a shareholder distribution.

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