RelaDyne to launch $540 million first-lien term loan on Thursday

By Sara Rosenberg

New York, Jan. 11 – RelaDyne Inc. is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch a $540 million seven-year first-lien term loan, according to a market source.

RBC Capital Markets, BMO Capital Markets, KeyBanc Capital Markets, Macquarie Capital (USA) Inc. and Golub Capital are the arrangers on the deal.

The company’s $855 million of credit facilities also include a $150 million ABL revolver and a $165 million eight-year second-lien term loan that has been privately placed.

Proceeds will be used to support the recently completed buyout of the company by American Industrial Partners from Audax Private Equity, and refinance an existing roughly $450 million first-lien term loan and a roughly $140 million second-lien term loan.

RelaDyne is a Cincinnati-based provider of lubricants and distributor of less-than-truckload fuel, diesel exhaust fluid, chemicals and other related products.

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