Bloomberg: Harbor Freight Tools Seeks $1 Billion Loan
Harbor Freight Tools USA Inc. is seeking a seven-year $1 billion term loan to refinance its debt and pay a dividend, Bloomberg has reported. Credit Suisse Group, Deutsche Bank and Wells Fargo are arranging the financing.
The company is also in discussions for a $400 million asset-based revolving line of credit arranged by Wells Fargo.
Harbor Freight Tools USA is a tool and equipment catalog retailer.
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