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American Tire Distributors to launch $1 billion term B on Tuesday
By Sara Rosenberg
New York, Sept. 27 – American Tire Distributors Inc. is scheduled to hold a lender call on Tuesday to launch its $1 billion seven-year term loan B (/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.
Proceeds will be used to refinance existing debt.
The lender call was originally planned for last week but was delayed.
American Tire is a Huntersville, N.C.-based tire distributor.
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