Capital Automotive to launch $325 million second-lien loan on Tuesday

By Sara Rosenberg

New York, April 15 - Capital Automotive LP will hold a call at 11 a.m. ET on Tuesday to launch a $325 million senior secured second-lien term loan, according to a market source.

Barclays is the left lead on the deal.

Proceeds will be used to repay existing debt.

Capital Automotive is a McLean, Va.-based provider of sale-leaseback capital to the automotive retail industry.

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