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Magpul Industries marketing $300 million secured notes via B. Riley
By Paul A. Harris
Portland, Ore., June 16 – Magpul Industries Corp. plans to sell $300 million of seven-year senior secured second-lien notes (B1), according to market sources.
The Rule 144A and Regulation S deal is in the market via bookrunner B. Riley Securities Inc.
The notes come with three years of call protection.
The Austin, Tex.-based manufacturer of high-tech polymer and composite firearms accessories plans to use the proceeds repay debt and fund a dividend to shareholders including private equity sponsor Albion River.
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