Wheel Pros seeks $320 million in term loans led by Antares

By Sara Rosenberg

New York, March 15 – Wheel Pros is in market with $320 million in term loans, according to a market source.

Antares Capital is the lead on the deal.

The debt consists of a $240 million seven-year first-lien term loan and an $80 million eight-year second-lien term loan, the source said.

The company is also getting a $30 million ABL revolver that has been pre-placed.

Proceeds will be used to help fund the buyout of the company by Clearlake Capital.

Wheel Pros is a distributor of proprietary branded wheels and performance tires.

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