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American Tire to repay ABL facility debt using new note proceeds
By Tali Rackner
Norfolk, Va., March 23 – American Tire Distributors, Inc. plans to repay borrowings under its ABL facility using the proceeds from a new note offering, according to a market source.
On Thursday, the company priced a $100 million add-on to its 10¼% senior subordinated notes due March 1, 2022.
American Tire is a Huntersville, N.C.-based replacement tire distributor.
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