Janus sets Friday bank meeting for $620 million credit facility

By Paul A. Harris

Portland, Ore., Jan. 24 – Janus International Group, LLC set a Friday bank meeting for a $620 million credit facility, according to a market source.

The deal includes a $50 million ABL revolver, a $440 seven-year first-lien term loan with six months of soft call protection at 101, and a $130 million eight-year second-lien term loan with hard calls at 102 after year one and 101 after year two.

UBS Investment Bank is the bookrunner.

Proceeds will be used to fund the leveraged buyout of the Temple, Ga.-based manufacturer by Clearlake Capital Group, LP.

Janus supplies roll up and swing doors, hallway systems and re-locatable storage units for the self-storage industry.

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