Wheel Pros to launch $130 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Nov. 30 – Wheel Pros Inc. is scheduled to hold a lender call on Wednesday to launch a fungible $130 million incremental first-lien term loan, according to a market source.

Antares Capital is the lead on the deal.

Proceeds will be used to finance an acquisition.

Currently, the company has a $685 million first-lien term loan priced at Libor plus 525 basis points with a 1% Libor floor.

Wheel Pros, a Clearlake Capital portfolio company, is a Denver-based distributor of proprietary branded wheels and performance tires.

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