White Cap to price $300 million PIK toggle notes on Wednesday

By Paul A. Harris

Portland, Ore., Jan. 27 – White Cap Supply Holdings, LLC plans to price a $300 million issue of White Cap Parent, LLC and White Cap HoldCo five-year senior PIK toggle notes (Caa1/CCC+) on Thursday, according to market sources.

Deutsche Bank Securities Inc. is leading the notes sale.

The notes come with one year of call protection.

The Atlanta-based provider of construction supplies plans to use the proceeds to fund a dividend to owners Clayton Dubilier & Rice and the Sterling Group.

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