Aramsco to launch $585 million credit facilities on Wednesday

By Sara Rosenberg

New York, Sept. 26 – Aramsco Inc. is set to hold a lender call at 10 a.m. ET on Wednesday to launch $585 million of credit facilities, according to a market source.

Jefferies LLC, Goldman Sachs Bank USA, Antares Capital, KeyBanc Capital Markets and SMBC are the arrangers on the deal.

The facilities consist of an $80 million five-year ABL revolver, a $430 million seven-year first-lien term loan and a $75 million seven-year with 24-month availability first-lien delayed-draw term loan, the source said.

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

Expected term loan ratings are B3/B-.

Commitments are due at noon ET on Oct. 5, the source added.

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

Aramsco is a Paulsboro, N.J.-based distributor to specialty contractors and facility maintenance professionals throughout the United States and Canada.

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