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BBB Industries to repay ABL borrowings with notes proceeds
By Sara Rosenberg
New York, July 13 – BBB Industries plans to fully repay its current ABL draw using a portion of the proceeds from a $240 million senior secured notes offering, according to a market source.
Remaining proceeds from the notes will be used to repay a bridge facility, and cover fees and expenses.
BBB Industries is a Daphne, Ala.-based remanufacturer of non-discretionary and application-specific replacement parts to the North American automotive aftermarket.
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