Wrench Group to get $420 million credit facilities for buyout

By Sara Rosenberg

New York, March 25 – Wrench Group plans on getting $420 million of credit facilities to help fund its acquisition by Leonard Green & Partners from Investcorp, according to a market source.

Jefferies LLC, Macquarie Capital (USA) Inc. and Antares Capital are the leads on the deal.

The facilities consist of a $45 million revolver, a $225 million first-lien term loan, a $75 million delayed-draw first-lien term loan and a $75 million second-lien term loan, the source said.

Wrench Group is a provider of home maintenance and repair services specializing in heating, ventilation and air conditioning, plumbing and electrical services.

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