RelaDyne to launch $200 million incremental term loan B on Tuesday

By Sara Rosenberg

New York, Jan. 9 – RelaDyne Inc. is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a non-fungible $200 million incremental first-lien term loan B, according to a market source.

RBC Capital Markets, BMO Capital Markets, KeyBanc Capital Markets, Macquarie Capital (USA) Inc., Fifth Third and others to be named later are the joint lead arrangers on the deal.

Proceeds will be used to fund the acquisitions of Allied Oil, a distributor of lubricants, diesel exhaust fluid, and industrial services, and Grupo Lucalza, a distributor of lubricants, fuel, and related automotive supplies.

Currently, RelaDyne has an existing roughly $561 million term loan B due December 2028 priced at SOFR plus 425 basis points with a 0.5% floor.

RelaDyne is a Cincinnati-based provider of lubricant and fuel sales & distribution and equipment reliability services to the industrial, commercial, and automotive industries.

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