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News agency Reuters reports that private equity firm Centerbridge Partners will use roughly US$800 million of term loans to partially fund its purchase of US restaurant equipment and supplies distributor TriMark USA, according to three sources familiar with the matter.

Centerbridge is buying South Attleboro, Massachusetts-based TriMark from Warburg Pincus, which has owned the asset since 2014. The acquisition, announced on August 1, is expected to close in the third quarter of 2017.

Read more here: https://www.reuters.com/article/trimark-buyout-idUSL1N1KT184

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