Rough Country to launch $810 million credit facilities on Wednesday

By Sara Rosenberg

New York, July 12 – Rough Country is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch $810 million of credit facilities, according to a market source.

Golub Capital and Jefferies LLC are the joint lead arrangers on the deal.

The facilities consist of a $50 million revolver, a $555 million covenant-lite first-lien term loan and a $205 million covenant-lite second-lien term loan, the source said.

Both the first-and second-lien term loans will be syndicated.

Proceeds will be used to help fund the buyout of the company by TSG Consumer Partners from Gridiron Capital.

Closing is expected early in the third quarter.

Upon closing, Gridiron Capital and Rough Country management will remain significant investors in the company.

Rough Country is a Dyersburg, Tenn.-based provider of aftermarket performance-enhancing products and accessories to the truck, Jeep and SUV enthusiast market.

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