TriMark to launch $585 million first-lien term loan on Sept. 7

By Sara Rosenberg

New York, Aug. 30 – TriMark USA LLC is scheduled to hold a conference call at 9:30 a.m. ET on Sept. 7 to launch a $585 million seven-year first-lien term loan, which includes a $25 million delayed-draw tranche, according to a market source.

Barclays, Jefferies LLC, Nomura and Citizens Bank are the bookrunners on the deal.

Commitments are due at noon ET on Sept. 14, the source said.

Proceeds will be used to fund the buyout of the company by Centerbridge Partners LP from Warburg Pincus.

Closing is expected in the third quarter, subject to customary conditions and approvals.

TriMark is a South Attleboro, Mass.-based provider of equipment, supplies and design services to the foodservice industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.