CoolSys to launch $510 million credit facilities on Tuesday

By Sara Rosenberg

New York, July 16 – CoolSys Inc. will hold a lender call on Tuesday to launch $510 million of credit facilities, according to a market source.

UBS Investment Bank, Macquarie Capital (USA) Inc. and Antares Capital are the lead arrangers on the deal.

The facilities consist of a $70 million ABL revolver, a $360 million first-lien term loan and an $80 million delayed-draw first-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

CoolSys, a portfolio company of Ares Management, is a Brea, Calif.-based refrigeration and HVAC services company.

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