RelaDyne to launch $350 million incremental term loan B-2 on Tuesday

By Sara Rosenberg

New York, March 13 – RelaDyne Inc. is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a fungible $350 million incremental first-lien term loan B-2, according to a market source.

RBC Capital Markets, BMO Capital Markets, KeyBanc Capital Markets, Macquarie Capital (USA) Inc., U.S. Bank and Fifth Third are the joint lead arrangers on the deal.

Proceeds will be used to fund the acquisition of Sun Coast Resources, a specialty distribution and logistics provider primarily focused on distributing diesel, lubricants, and providing logistics services to support a diverse customer base across the Texas/Gulf Coast region.

Currently, RelaDyne has a $250 million term loan B-2 due December 2028 priced at SOFR plus 500 basis points with a 0.5% floor and a 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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