Les Schwab readies launch of $1.5 billion term loan B for Monday

By Sara Rosenberg

New York, Oct. 16 – Les Schwab Tire Centers is scheduled to hold a lender call on Monday to launch a $1.5 billion term loan B, according to a market source.

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

Recently, the company announced that it is being acquired by Meritage Group LP.

Les Schwab is a Bend, Ore.-based tire retail chain.

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