Dealer Tire to launch $1.35 billion extended term loan B on Wednesday

By Sara Rosenberg

New York, Dec. 6 – Dealer Tire is set to hold a lender call at 11 a.m. ET on Wednesday to launch a $1.35 billion extended term loan B (B1) due 2027, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Price talk on the extended term loan is SOFR plus 450 basis points with no CSA, a 0.5% floor and an original issue discount of 97.5, the source said.

The extended term loan has 101 soft call protection for six months.

Commitments are due at noon ET on Friday, the source added.

Proceeds will be used to amend and extend an existing term loan B from 2025 that is currently priced at Libor plus 425 bps with a 0% floor.

Dealer Tire is a Cleveland-based manager of replacement tire and parts programs for automotive OEMs.

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