Waupaca Foundry to launch $330 million term loan B on Thursday

By Sara Rosenberg

New York, Jan. 17 – Waupaca Foundry Inc. is scheduled to hold a lender call at 11:30 a.m. ET on Thursday to launch a $330 million six-year covenant-lite term loan B, according to a market source.

BMO Capital Markets, PNC Capital, KeyBanc Capital Markets and Silver Point are the arrangers on the deal.

Proceeds will be used to help fund the buyout of the company by Monomoy Capital Partners from Proterial Ltd.

Closing is expected early this year, subject to customary conditions.

Waupaca Foundry is a Waupaca, Wis.-based supplier of cast and machined iron castings.

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