Arclin readies launch of $1.03 billion credit facilities for Sept. 9

By Sara Rosenberg

New York, Sept. 1 – Arclin Inc. is scheduled to hold a lender call at 10 a.m. ET on Sept. 9 to launch $1.03 billion of credit facilities, according to a market source.

RBC Capital Markets, Morgan Stanley Senior Funding Inc., Credit Suisse Securities (USA) LLC, BMO Capital Markets, KeyBank Capital Markets and ING are the lead arrangers on the deal.

The facilities consist of a $100 million five-year revolver, a $675 million seven-year first-lien term loan, a $100 million seven-year delayed-draw first-lien term loan and a $155 million eight-year second-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company by The Jordan Co. LP from Lone Star Funds and repay in full an existing $690 million term loan B.

Closing is expected in the third quarter.

Arclin is a Roswell, Ga.-based manufacturer and formulator of surface overlays and specialty resins for the residential building products, industrial, furniture and non-residential construction markets.

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