Oldcastle BuildingEnvelope to launch $1.29 billion term loan Monday

By Sara Rosenberg

New York, April 1 – Oldcastle BuildingEnvelope is scheduled to hold a lender call at 10:30 a.m. ET on Monday to launch a $1.285 billion senior secured first-lien term loan, according to a market source.

Citigroup Global Markets Inc. is the lead on the deal.

Proceeds will be used to help fund the buyout of the company by KPS Capital Partners LP from CRH plc for an enterprise value of $3.8 billion. The consideration, payable on closing, includes cash of $3.45 billion together with a transfer of lease liabilities of $0.35 billion.

Closing is subject to customary conditions and regulatory approvals.

Oldcastle BuildingEnvelope is a supplier of value-added, glazing-focused, interior and exterior products and services.

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