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US LBM plans new debt financing for buyout by Bain Capital
By Sara Rosenberg
New York, Nov. 13 – US LBM plans on getting new debt financing to help fund its acquisition by Bain Capital Private Equity, according to a news release.
Barclays is the lead on the deal.
The financing will consist of a new asset-based revolving credit facility and a combination of other new debt financing.
Closing is expected in December, subject to customary conditions, including regulatory approvals.
US LBM is a Buffalo Grove, Ill.-based distributor of specialty building materials.
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