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ATD Completes Terry’s Tire Down Acquisition

On March 28, American Tire Distributors (ATD) completed its acquisition of Terry’s Tire Town Holdings for an aggregate purchase price of roughly $365.60 million — approximately $363.40 million in cash and assumed debt of $2.20 million. The deal was struck earlier this year.

In connection with the acquisition, ATD has entered into a credit agreement that provides for a $300-million senior secured term loan facility. The net proceeds from this term loan were used to finance a portion of the closing purchase price. The maturity date for the term loan is June 2018.

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