The privately held bicycle component maker plans to issue a $1.1 billion term loan to finance a $750 million special distribution to shareholders, following a banner year where sales hit $974 million. The rest of the proceeds will be used to retire an existing term loan due in 2024, and a new, $100 million revolver will replace the current, $40 million facility. Moody’s maintained its B1 corporate family rating ... Log in to view full article.