American Tire adds soft call protection to loan waiver request

By Sara Rosenberg

New York, Nov. 15 – American Tire Distributors Inc. revised its waiver request to add six months of 101 soft call protection to its term loan, according to a market source.

The waiver is for the upcoming fiscal year 2017 excess cash flow payment.

Lenders are still being offered a 10 basis point consent fee.

Jefferies LLC is the lead bank on the waiver.

Responses were scheduled to be due at 4 p.m. ET on Wednesday, extended from 1 p.m. ET on Wednesday, the source added.

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

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