Accuride launches $50 million add-on term loan B at discount of 99

By Sara Rosenberg

New York, April 19 – Accuride Corp. launched on its lender call on Wednesday a fungible $50 million add-on term loan B that is talked at Libor plus 700 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

RBC Capital Markets is the lead bank on the debt.

Proceeds will be used with additional sponsor equity to fund an acquisition.

Commitments are due on April 26, the source added.

Accuride is an Evansville, Ind.-based supplier of components to the commercial vehicle industries.

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