MAG $220 million credit facility to launch Friday

By Sara Rosenberg

New York, Oct. 31 - MAG is scheduled to hold a bank meeting on Friday to launch its proposed $220 million credit facility, according to a market source.

Goldman Sachs, Credit Suisse and UBS are the lead banks on the deal, with Goldman the left lead.

The facility consists of a $60 million revolver and a $160 million term loan, the source said.

Proceed from the facility, along with $110 million of mezzanine debt, will be used to help fund the leveraged buyout of MAG by Leonard Green & Partners LP.

MAG is a provider of after market parts for motorcycles.

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