Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kymera International > News item |
Kymera launches $240 million term loan at Libor plus 500-525 bps
By Sara Rosenberg
New York, Sept. 13 – Kymera International launched on Thursday its $240 million seven-year covenant-light first-lien term loan (B2) with price talk of Libor plus 500 basis points to 525 bps with a 0% Libor floor and an original issue discount of 99, according to a market source.
The term loan has 101 soft call protection for six months and amortization of 2.5% per annum, the source said.
The company’s $275 million of credit facilities also include a $35 million ABL revolver.
Goldman Sachs Bank USA, HSBC Securities (USA) Inc. and KeyBanc Capital Markets are the leads on the deal.
Commitments are due at noon ET on Sept. 27, the source added.
Proceeds will be used to help fund the buyout of the company by Palladium Equity Partners.
Kymera is a Research Triangle Park, N.C.-based specialty materials company focused on the copper and aluminum metal powder industry.
© 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.