Alliance Laundry to launch $345 million credit facility on Tuesday

By Sara Rosenberg

New York, Sept. 13 - Alliance Laundry Systems LLC is scheduled to hold a bank meeting on Tuesday to launch its proposed $345 million senior secured credit facility, according to a market source.

Bank of America is the lead bank on the deal.

The facility consists of a $60 million five-year revolver and a $285 million six-year term loan, the source said.

Proceeds will be used to refinance existing debt.

Alliance Laundry is a Ripon, Wis.-based provider of laundry products and services.

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