Service King launches $125 million add-on term loan B to investors

By Sara Rosenberg

New York, Oct. 13 – Service King Collision Repair Centers held a lender call at 3:30 p.m. ET on Tuesday to launch a $125 million add-on term loan B, according to a market source.

Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Macquarie Capital (USA) Inc. are the leads on the deal.

Proceeds will be used to pay down revolver borrowings and add cash to the balance sheet.

Service King is a Dallas-based operator of a chain of automobile body repair centers.

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