WirePath Home to launch $205 million credit facility on Thursday

By Sara Rosenberg

New York, Nov. 28 – WirePath Home Systems LLC is set to hold a bank meeting in New York on Thursday to launch a $205 million credit facility, according to a market source.

Antares Capital and Citizens Bank are the leads on the deal.

The facility consists of a $25 million five-year revolver and a $180 million six-year term loan, the source said.

Proceeds will be used for a dividend recapitalization.

WirePath is a Charlotte, N.C.-based developer and distributor of diversified home AV products to custom integrators in the audio/video, security and IT markets.

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