Royal Oak Enterprises, LLC plans to tap the market with a $400 million term loan B via joint bookrunners Barclays and Citi, according to sources. A lender call is scheduled for 1 p.m. ET on Tuesday, Dec. 1, and commitments are due at noon ET on Friday, Dec. 11.

Price talk is not yet available, but note that the term loan will have a seven-year maturity and will include six months of 101 soft call protection. Issuance comes via Ozark Holdings LLC.

Proceeds will be used to repay the existing term loan and repurchase minority interest to increase Mariposa Capital's ownership in the company.

In December 2017 the issuer completed a refinancing of its $371.5 million TLB due July 2023 at pricing of L+325 with a 1% Libor floor.

Royal Oak is a manufacturer of charcoal briquettes, firelogs and related products, and was bought out by Mariposa Capital in 2016.