American Trailer World increases add-on term loan to $275 million

By Sara Rosenberg

New York, Feb. 4 – American Trailer World Corp. upsized its fungible add-on first-lien term loan due March 2028 (B3/B) to $275 million from $250 million, according to a market source.

Pricing on the add-on term loan remained at SOFR+CSA plus 375 basis points with a 0.75% floor and an original issue discount of 99.

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.

Goldman Sachs Bank USA, Barclays, Truist, Wells Fargo Securities LLC and Regions Bank are the lead arrangers on the deal. Goldman is the administrative agent.

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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