Genstar Capital-backed OEConnection is a global automotive technology provider for original equipment manufacturer distribution networks. Financing also included a $50 million privately placed delayed-draw term loan. Proceeds from the add-on were used to finance the company's acquisition of Project Horizon and add cash to the balance sheet to support the company's acquisition pipeline. The issuer was last in the loan market in April with a $100 million fungible add-on to the issuer's first-lien term loan due September 2026 that is priced at L+400, with a 0% Libor floor. OEConnection is an award-winning technology leader and innovator of original equipment (OE) replacement parts solutions. The existing Moody's issuer rating is B3, with a stable outlook, and the facility rating is B2. Our technology is used by over 17,000 dealers in the automotive and heavy-duty truck industries, creating the largest online OEM parts buying and selling community. S&P Global Ratings has affirmed its issuer and facility rating of B-, with a stable outlook and a 3 recovery rating. OEC offers parts sourcing, eCommerce, idle, service and reporting solutions for franchised dealerships. Financing will also include a $120 million incremental second-lien term loan that is privately placed and $100 million of PIK preferred equity. Our technology is used by over 17,000 dealers in the automotive and heavy-duty truck industries, creating the largest online OEM parts buying and selling community. Proceeds will be used to finance the acquisition of OPSTrax, a provider of OEM and aftermarket parts procurement and logistics software. At initial guidance, yield to maturity is 4.49%.
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Pro forma for the add-on, the tranche size will total $723 million.
The add-on term loan is offered at an original issue discount of 99.03 and will be fungible with the issuer's existing covenant-lite first-lien term loan due September 2026 that is priced at L+400, with a 0% floor. It does not store any personal data.Lead arranger Antares Capital has launched a $120 million incremental first-lien term loan for OEConnection LLC, according to sources. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Find related and similar companies as well as. The cookie is used to store the user consent for the cookies in the category "Performance". View OEConnection (location in Ohio, United States, revenue, industry and description. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The Company offers solutions for various original equipment manufacturers (OEMs) in the areas of. We offer a broad range of capabilities to help OEMs solve parts issues at the OEM level and in their dealer networks. Oeconnection LLC manufactures original equipment parts. CollisionLink focuses on the needs of you and your customers. We provide original equipment manufacturers (OEMs) with the programs to help sell more parts, become more efficient and create more satisfied customers. original equipment (OE) collision parts from automotive dealerships. OEC is still the only OE dealer-focused parts procurement system. RICHFIELD, Ohio OEConnection LLC, a provider of parts e-commerce technology for. OEC is an award-winning technology leader and innovator of original equipment (OE) replacement parts data management, publication and services as well as ecommerce solutions that help our customers. Revenue: 100 to 500 million (USD) Competitors: Unknown.
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This is 43 more than the national average salary for Ocean Export Coordinators. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". OEConnection pays Ocean Export Coordinators 61,765 per year on average. These cookies ensure basic functionalities and security features of the website, anonymously. Log in to process sales, manage data, and get back to selling parts. 2023 OEConnection All Rights Reserved Privacy Policy Information on the site is sensitive and should remain confidential and used only in conduct of your ordinary. OEC solutions simplify your tasks into one central hub, so you can work faster and with more confidence.
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