Allsup’s readies launch of $525 million term loan B for Wednesday

By Sara Rosenberg

New York, Oct. 29 – Allsup’s is scheduled to hold a bank meeting at 11:30 a.m. ET in New York on Wednesday to launch a $525 million first-lien term loan B, according to a market source.

Goldman Sachs Bank USA and RBC Capital Markets are the leads on the deal.

Proceeds will be used to help fund the acquisition of the company by Yesway, a portfolio company of Brookwood.

Allsup’s is a Clovis, N.M.-based operator of 305 gas stations and convenience stores throughout New Mexico, Texas and Oklahoma. Yesway is a Des Moines, Iowa-based convenience store chain.

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