Ennis-Flint launches $487 million term loan repricing to investors

By Sara Rosenberg

New York, Feb. 3 – Ennis-Flint held a lender call at 11:30 a.m. ET on Friday to launch a repricing of its $487 million senior secured term loan B due June 2023 that is talked at Libor plus 350 basis points with a 1% Libor floor and a par issue price, according to a market source.

The term loan B has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA, Antares Capital and Jefferies Finance LLC are the lead banks on the deal. Goldman is the left lead and Antares is the administrative agent.

The repricing will take the term loan down from Libor plus 400 bps with a 1% Libor floor.

Commitments are due on Thursday, the source added.

Ennis-Flint is a Thomasville, N.C.-based pavement marking company.

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