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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo, PNC Lead 84 Lumber $710MM Credit Facility
Thursday, November 21, 2019
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Lenders/Participants
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Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
PNC Capital Markets [Joint Lead Arranger, Joint Bookrunner]
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Structure
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$400MM Revolver, $310MM T/L
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Amount
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$710.000
Million
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Borrower(s)
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84 Lumber Company
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Description
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A new 7-year $310 million Senior Secured Term Loan B Facility and 5-year $400 million Asset Based Revolving Credit Facility. The proceeds will be used to refinance the $307.5 million outstanding Term Loan B and $400 million ABL Revolver. In addition to extending the maturities, the Term Loan B reduced pricing by 100 basis points to LIBOR plus 425 basis points. As a result of the refinancing, the company now has no debt maturities prior to 2024.
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Industry
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Lumber
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Location
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PA
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| Related Tags |
84 Lumber, PNC Capital Markets, Wells Fargo Securities
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ABL Advisor
Deal Tables
2024
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