K&N Engineering sets Tuesday bank meeting for $385 million facility

By Paul A. Harris

Portland, Ore., Oct. 3 – K&N Engineering, Inc. is set to hold a bank meeting at 10 a.m. ET on Tuesday in New York to launch a $385 million credit facility.

Goldman Sachs & Co. is the left bookrunner. UBS Investment Bank and KeyBanc Capital Markets are the joint bookrunners.

The institutional tranches include a $235 million first-lien term loan and a $110 million second-lien term loan.

There is also a pro rata tranche in the form of a $40 million revolver.

The borrower is a Riverside, Calif.-based designer and manufacturer of high performance automotive and powersports aftermarket products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.