American Trailer to launch $475 million add-on term loan on Thursday

By Sara Rosenberg

New York, July 7 – American Trailer World Corp. will hold a lender call at 11 a.m. ET on Thursday to launch a fungible $475 million add-on first-lien term loan due March 5, 2028, according to a market source.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Proceeds will be used to fund a distribution to shareholders.

Bain Capital Private Equity is the sponsor.

The company’s existing term loan is priced at Libor plus 375 basis points with a 25 bps step-down upon 3.6x total net leverage and a 0.75% Libor floor.

American Trailer World is Richardson, Tex.-based manufacturer and distributor of professional grade trailers, consumer grade trailers, truck equipment and retail parts.

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