SRAM, the private maker of bicycle components, plans to issue a $1.1 billion term loan to finance a special distribution of $750 million to its shareholders, after a banner year in which its sales jumped to $974 million, thanks to the recent bike boom. The rest of the proceeds will be used to retire an existing loan due in 2024 and to take a new revolving credit of $100 million that would replace a current $40 million facility. Interest rates should be low as Moody’s maintained its B1 corporate family rating for the company, while Standard & Poor’s confirmed its BB-issuer credit rating. Both assume that SRAM’s debt/Ebitda ratio will remain below four times, and that the leverage will be reduced as its Ebitda should grow by between 30 and 35 percent this year. In addition to SRAM branded drivetrain components, the company owns three other brands: RockShox for suspensions, Zipp for wheelsets, and Quarq for power meters.