RelaDyne launches $200 million term loan B at SOFR plus 500-525 bps

By Sara Rosenberg

New York, Jan. 10 – RelaDyne Inc. launched on Tuesday its non-fungible $200 million incremental first-lien term loan B due December 2028 with price talk of SOFR plus 500 basis points to 525 bps with a 0.5% floor and an original issue discount of 96, according to a market source.

The incremental term loan has 101 soft call protection for six months and no CSA, the source said.

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

Commitments are due at noon ET on Jan. 18, the source added.

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 bps 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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