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Cook & Boardman withdraws $500 million term loan B from market
By Sara Rosenberg
New York, Oct. 27 – Cook & Boardman Group (Red Fox CD Acquisition Corp.) pulled its $500 million seven-year term loan B (B3/B) from market, according to a market source.
The term loan had been talked at SOFR plus 500 basis points with a 0% floor, an original issue discount of 96.5 to 97 and 101 soft call protection for six months.
BofA Securities Inc., Goldman Sachs Bank USA, TD Securities (USA) LLC, Truist Securities and Stifel were the arrangers on the deal.
Proceeds were going to be used to help fund the acquisition of a majority stake in the company by Platinum Equity from Littlejohn & Co. LLC, to repay existing debt in full, and to pay fees, commissions and expenses in connection with the transactions.
Cook & Boardman is a Winston-Salem, N.C.-based distributor of commercial door and security integration solutions.
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