Hillman Group to launch $845 million credit facilities on Wednesday

By Sara Rosenberg

New York, May 1 – Hillman Group Inc. is scheduled to hold a lender call at 10 a.m. ET on Wednesday to launch $845 million of credit facilities, according to a market source.

Barclays, Jefferies LLC, Citizens Bank and MUFG are the lead arrangers on the deal.

The facilities consist of a $150 million asset-based revolver due 2023, a $530 million senior secured term loan due 2025 and a $165 million delayed-draw term loan due 2025, the source said.

Proceeds will be used to refinance an existing revolver and a term loan B, and the delayed-draw term loan is to fund a contemplated acquisition in an existing line of business.

CCMP Capital is the sponsor.

Hillman Group is a Cincinnati-based distributor of fasteners, keys, engravable tags, letters, numbers, signs and other hardware-related items.

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