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SRS Distribution to launch $180 million in term loans on Thursday
By Sara Rosenberg
New York, Feb. 1 – SRS Distribution Inc. will hold a lender call at 2 p.m. ET on Thursday to launch $180 million in incremental term loans, according to a market source.
Barclays and UBS Investment Bank are the bookrunners on the deal.
The debt is split between a fungible $140 million incremental first-lien term loan and a fungible $40 million incremental second-lien term loan, the source said.
Proceeds will be used to fund a distribution to existing shareholders.
Berkshire Partners is the sponsor.
SRS Distribution is a McKinney, Texas-based roofing products distributor.
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