Augusta Sportswear to launch $390 million credit facilities Thursday

By Sara Rosenberg

New York, Nov. 1 – Augusta Sportswear Brands is set to hold a lender call on Thursday to launch $390 million of senior secured credit facilities, according to a market source.

Antares Capital LP is the lead on the deal.

The facilities consist of a $50 million revolver and a $340 million term loan, the source said.

The credit facilities will not be rated.

Proceeds will be used to support the buyout of the company by Platinum Equity.

Augusta Sportswear is a Grovetown, Ga.-based supplier of team uniforms and off-field performance wear primarily serving youth and recreational segments.

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