SRAM readies launch of $675 million term loan B for Thursday

By Sara Rosenberg

New York, March 12 - SRAM LLC will host a bank meeting at 10 a.m. ET in New York on Thursday to launch a $675 million term loan B due 2020, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance an existing first-lien term loan and a portion of a second-lien term loan, the source said.

SRAM is a Chicago-based bicycle components company.

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