American Tire to launch $1 billion term loan B on Thursday

By Sara Rosenberg

New York, Sept. 22 – American Tire Distributors Inc. is scheduled to hold a lender call at 1 p.m. ET on Thursday to launch a $1 billion seven-year term loan B (//B-), according to a market source.

BofA Securities Inc., Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the leads on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to refinance existing debt.

American Tire is a tire distributor based in Huntersville, N.C.

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