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SELECTED TRANSACTION DETAILS
Wells Fargo, PNC Lead 84 Lumber $710MM Credit Facility
Thursday, November 21, 2019

Lenders/Participants Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
PNC Capital Markets [Joint Lead Arranger, Joint Bookrunner]
Structure $400MM Revolver, $310MM T/L
Amount $710.000 Million
Borrower(s) 84 Lumber Company
Description 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.
Industry Lumber
Location PA
Related Tags 84 Lumber, PNC Capital Markets, Wells Fargo Securities




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