Royal Oak readies launch of $400 million term loan B for Tuesday

By Sara Rosenberg

New York, Nov. 30 – Royal Oak Enterprises (Ozark Holdings LLC) will hold a lender call at 1 p.m. ET on Tuesday to launch a $400 million senior secured seven-year first-lien term loan B, according to a market source.

Barclays and Citigroup Global Markets Inc. are the bookrunners on the deal. Barclays is the administrative agent.

The term loan has 101 soft call protection for six months, the source said.

Security is a first priority lien on substantially all assets and pledge of stock.

Commitments are due at noon ET on Dec. 11, the source added.

Proceeds will be used to repay an existing term loan and repurchase a minority interest to increase Mariposa Capital’s ownership in the company.

Royal Oak is a Roswell, Ga.-based manufacturer and distributor of fire building products and other consumable products.

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