Chassix readies launch of $320 million term loan B for Thursday

By Sara Rosenberg

New York, Oct. 18 – Chassix is set to hold a bank meeting on Thursday to launch a $320 million seven-year term loan B (B3), according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

Chassix is a Southfield, Mich.-based automotive supplier of precision casting and machining solutions.

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