Royal Oak to launch $365 million credit facility on Thursday

By Sara Rosenberg

New York, June 14 – Royal Oak Enterprises LLC is scheduled to hold a bank meeting on Thursday to launch a $365 million credit facility, according to a market source.

SunTrust Robinson Humphrey Inc. is the lead on the deal.

The facility consists of a $40 million revolver and a $325 million covenant-light term loan B, the source said.

Proceeds will be used to help fund the buyout of the company by Mariposa Capital.

Royal Oak is a Roswell, Ga.-based maker of charcoal products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.