Mister Car Wash sets Monday lender call for $1.14 billion facility

By Marisa Wong

Morgantown, W.Va., April 26 – Mister Car Wash Holdings, Inc. has scheduled a lender call at 3:30 p.m. ET on Monday to launch a $775 million first-lien term loan, a $40 million delayed-draw first-lien term loan and a $250 million second-lien term loan, according to a market source.

The first-lien loans will have a term of seven years, and the privately placed second-lien loan will have a term of eight years.

The facility also includes a $75 million revolver.

Jefferies, BMO, Nomura and UBS are the arrangers with Jefferies as left lead.

The Tucson-based car wash operator plans to use proceeds to refinance existing debt and pay a distribution to shareholders.

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