Capital Automotive to launch $1.1 billion term loan B on Thursday

By Sara Rosenberg

New York, Oct. 25 – Capital Automotive LP will hold a lender call at 10:30 a.m. ET on Thursday to launch a $1.1 billion term loan B, according to a market source.

Barclays is the bookrunner on the deal.

Proceeds will be used to reprice an existing term loan.

Cashless roll will be available, the source said.

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

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