Bain has $2.075 billion debt commitment for Burlington Coat Factory LBO

New York, Jan. 20 - Bain Capital Partners, LLC has a commitment for up to $2.075 billion of debt financing to support its proposed leveraged buyout of Burlington Coat Factory Warehouse Corp.

Banc of America Securities LLC, Banc of America Bridge LLC, Bank of America, NA, Bear Stearns & Co. Inc. and Bear Stearns Corporate Lending Inc. have agreed to line up the debt for the transactions, according to an 8-K filing with the Securities and Exchange Commission.

Bain and affiliates have committed to provide up to $500 million of equity financing.

Burlington Coat Factory announced Wednesday that it has agreed to be acquired by Bain for $2.06 billion.

The company is a Burlington, N.J., retailer of branded apparel at discount prices.

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