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American Tire readies launch of $720 million term loan for Friday
By Sara Rosenberg
New York, March 19 – American Tire Distributors Inc. is scheduled to hold a lender call on Friday to launch a $720 million 6½-year covenant-light term loan, according to a market source.
Bank of America Merrill Lynch is the lead bank on the deal.
Proceeds will be used to refinance existing term loan borrowings.
American Tire is a Huntersville, N.C.-based replacement tire distributor.
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