Morgan Stanley Credit Partners Closes $38M Mezzanine Investment in Terry’s Tire Town

Morgan Stanley Credit Partners has provided $38m in mezzanine debt financing as part of the acquisition of Lyndhurst, NJ-based Englewood Tire Wholesale by Terry’s Tire Town.

Led by CEO Will Tolerton and based in Alliance, Ohio, Terry’s Tire Town is a regional tire distribution company majority-owned by private investment firm Talisman Capital Partners.

Part of Morgan Stanley Investment Management, Morgan Stanley Credit Partners invests primarily in fixed income securities issued by middle market companies in the context of leveraged buyouts, debt refinancing, acquisitions and recapitalizations across a broad range of industry sectors.



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