Rough Country plans $310 million in credit facilities for buyout

By Sara Rosenberg

New York, May 4 – Rough Country is planning on getting $310 million in credit facilities to help fund its acquisition by Gridiron Capital from Audax Private Equity, according to a market source.

The facilities include a $20 million revolver and a $205 million covenant-light first-lien term loan, both led by Golub Capital, and an $85 million privately placed second-lien term loan led by Carlyle Private Credit, the source said.

Closing is expected later this month.

Rough Country is a Dyersburg, Tenn.-based supplier of aftermarket suspension lift kits and components to the off road SUV and light truck enthusiast market.

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