Acuren readies launch of $430 million term loan B for Tuesday

By Sara Rosenberg

New York, Jan. 3 – Acuren (Rockwood Service Corp.) is scheduled to hold a bank meeting at 10 a.m. ET on Tuesday to launch a $430 million seven-year first-lien term loan B, according to a market source.

BofA Securities, Inc., BMO Capital Markets and Antares Capital are the leads on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to help fund the buyout of the company by American Securities.

Acuren is a provider of testing services to energy and industrial markets.

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