LSC Communications talks $313 million term B at Libor plus 525-550 bps

By Sara Rosenberg

New York, Nov. 7 – LSC Communications Inc. launched on its call on Tuesday a $313 million term loan B that is talked at Libor plus 525 basis points to 550 bps with a 0.75% Libor floor and a par issue price, according to a market source.

The term loan includes 101 soft call protection for six months, the source said.

Bank of America Merrill Lynch is the lead on the deal.

Commitments are due on Nov. 14, the source added.

Proceeds will be used to reprice an existing term loan down from Libor plus 600 bps with a 1% Libor floor.

LSC is a Chicago-based provider of digital print, print-related services and office products.

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