American Tire Distributors delays launch of $1 billion term loan B

By Sara Rosenberg

New York, Sept. 23 – American Tire Distributors Inc. postponed the launch of its $1 billion seven-year term loan B (/B-/B-) and did not hold its previously planned lender call at 1 p.m. ET on Thursday, according to a market source.

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

Proceeds will be used to refinance existing debt.

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

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