Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bass Pro Group LLC > News item |
Bass Pro ups add-on term loan B to $1.25 billion, firms at 99.5 OID
By Sara Rosenberg
New York, Oct. 26 – Bass Pro Group LLC upsized its fungible add-on term loan B to $1.25 billion from $800 million and set the original issue discount at 99.5, the tight end of the 99 to 99.5 talk, according to a market source.
Pricing on the add-on term loan is Libor plus 500 basis points with a 0.75% Libor floor, in line with existing term loan B pricing.
The add-on term loan has 101 soft call protection for six months.
J.P. Morgan Securities LLC is the lead bank on the deal.
Recommitments were scheduled to be due at 11 a.m. ET on Friday, the source added.
Proceeds will be used to help fund a dividend payment and redeem some preferred equity.
Bass Pro is a Springfield, Mo.-based outdoor retailer.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.