Barrette readies launch of $405 million term loan for Thursday

By Sara Rosenberg

New York, Sept. 16 – Barrette (LEB Holdings (USA) Inc.) is set to hold a lender call at noon ET on Thursday to launch a $405 million seven-year covenant-lite first-lien term loan, according to a market source.

Credit Suisse Securities (USA) LLC, BMO Capital Markets and KKR Capital Markets are the lead arrangers on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to fund the acquisition of the company by TorQuest Partners and Caisse de depot et placement du Quebec.

Commitments are due at 5 p.m. ET on Sept. 29, the source added.

Barrette is a manufacturer and distributor of wood alternative fence, railing and other outdoor living products.

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