PremiStar to launch $75 million add-on term loan on Tuesday

By Sara Rosenberg

New York, Nov. 13 – PremiStar is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a fungible $75 million add-on covenant-lite first-lien term loan due August 2028, according to a market source.

Truist Securities is the left lead on the deal.

Proceeds will be used for general corporate purposes, including to fund near-term acquisitions.

PremiStar, formerly known as Reedy Industries, is a Deerfield, Ill.-based provider of commercial heating, ventilation and air conditioning services.

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