American Trailer talks $750 million loan at Libor plus 450-475 bps

By Sara Rosenberg

New York, Feb. 8 – American Trailer Works launched on Monday its $750 million seven-year first-lien term loan (B) with price talk of Libor plus 450 basis points to 475 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

Goldman Sachs Bank USA, Barclays and Truist are the lead arrangers on the deal.

Commitments are due at noon ET on Feb. 17, the source added.

Proceeds will be used to refinance existing senior secured notes, add cash to the balance sheet and pay related fees and expenses.

Bain Capital is the sponsor.

American Trailer Works is Richardson, Tex.-based manufacturer and distributor of professional grade trailers, consumer grade trailers, truck equipment and retail parts.

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