U.S. Lumber to launch $600 million credit facilities on Sept. 6

By Sara Rosenberg

New York, Aug. 21 – U.S. Lumber Group LLC is scheduled to hold a bank meeting in New York on Sept. 6 to launch $600 million of credit facilities, according to a market source.

SunTrust Robinson Humphrey Inc. is the left lead bank on the deal.

The facilities consist of a $100 million five-year ABL revolver and a $500 million seven-year covenant-light term loan, the source said.

Proceeds will be used to fund the acquisition of Alexandria Moulding, an Alexandria, Ont.-based provider of mouldings and millwork to the residential and commercial markets, and to refinance existing debt.

Closing is expected in October, subject to customary conditions.

U.S. Lumber, a Madison Dearborn Partners portfolio company, is an Atlanta-based two-step distributor of specialty building products.

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