Oregon Tool to launch $800 million term loan B on Tuesday

By Sara Rosenberg

New York, Sept. 27 – Oregon Tool is set to hold a lender call at 11 a.m. ET on Tuesday to launch an $800 million seven-year term loan B, according to a market source.

BofA Securities Inc., JPMorgan Chase Bank, Goldman Sachs Bank USA, Jefferies LLC and Houlihan Lokey are the leads on the deal.

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

Proceeds will be used to help fund the buyout of the company by Platinum Equity from American Securities and P2 Capital.

Closing is expected in the fourth quarter.

Oregon Tool is a Portland, Ore.-based manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts.

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