American Trailer launches $250 million term loan at SOFR plus 375 bps

By Sara Rosenberg

New York, Jan. 27 – American Trailer World Corp. launched on Thursday its fungible $250 million add-on first-lien term loan (B) due March 2028 with price talk of SOFR+CSA plus 375 basis points with a 0.75% floor and an original issue discount of 99, according to a market source.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

The add-on term loan has amortization of 1% per annum, the source said.

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

Commitments are due on Feb. 3, the source added.

Proceeds will be used to repay ABL borrowings and fund a one-time distribution to shareholders.

Bain Capital Private Equity is the sponsor.

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

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