White Cap Supply to launch $2.31 billion term loan B on Tuesday

By Sara Rosenberg

New York, Jan. 24 – White Cap Supply Holdings LLC is set to hold a lender call at 3 p.m. ET on Tuesday to launch a $2.312 billion covenant-lite term loan B due October 2027, according to a market source.

Deutsche Bank Securities Inc. is the left bookrunner on the deal.

The term loan has 101 soft call protection for six months.

Commitments are due at noon ET on Feb. 1, the source said.

Proceeds will be used to reprice an existing term loan B from Libor plus 400 basis points with a 0.5% Libor floor.

White Cap is a distributor of a diverse mix of concrete accessories and specialty construction and safety products.

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