SnapAV plans to launch new credit facilities on Tuesday morning

By Sara Rosenberg

New York, July 5 – SnapAV is set to hold a bank meeting at 10:30 a.m. ET in New York on Tuesday to launch its new senior secured credit facilities, according to a market source.

UBS Investment Bank and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Hellman & Friedman LLC from General Atlantic.

Closing is expected in the third quarter.

SnapAV is a Charlotte, N.C.-based manufacturer of audio, video, networking, power and surveillance products for residential and commercial A/V integrators.

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