Rough Country to launch $100 million add-on term loan on Thursday

By Sara Rosenberg

New York, Jan. 10 – Rough Country is set to hold a lender call at 4 p.m. ET on Thursday to launch a fungible $100 million add-on term loan, according to a market source.

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

Pricing on the term loan is SOFR+CSA plus 350 basis points with a 0.75% floor.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Proceeds will be used to repay a portion of the company’s existing second-lien term loan.

Rough Country is a Dyersburg, Tenn.-based manufacturer and distributor of off-road accessories and suspension systems.

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