TriMark to launch $455 million credit facility on Tuesday morning

By Sara Rosenberg

New York, Sept. 5 – TriMark USA Corp. (TMK Hawk Parent Corp.) is scheduled to hold a bank meeting at 10 a.m. ET in New York on Tuesday to launch a $455 million credit facility, according to a market source.

Credit Suisse Securities (USA) LLC, Wells Fargo Securities LLC, RBS Citizens, Deutsche Bank Securities Inc. and Jefferies Finance LLC are the leads on the deal.

The facility consists of a $100 million ABL revolver, a $250 million seven-year first-lien covenant-light term loan and a $105 million eight-year second-lien covenant-light term loan, the source said.

Included in the first-lien term loan is 101 soft call protection for six months, and the second-lien term loan has call protection of 102 in year one and 101 in year two.

Proceeds will be used to back the recently completed buyout of the company by Warburg Pincus from Audax Group.

Commitments are due on Sept. 23, the source added.

TriMark is a South Attleboro, Mass.-based provider of equipment, supplies and design services to the foodservice industry.

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