TriMark launches $77.5 million tack-on term loan at 99.75-par OID

By Sara Rosenberg

New York, Feb. 14 – TriMark (TMK Hawk Parent Corp.) launched on its lender call on Tuesday morning a fungible $77.5 million tack-on first-lien term loan due Oct. 1, 2021 with original issue discount talk of 99.75 to par, according to a market source.

Pricing on the tack-on term loan is Libor plus 425 basis points with a 1% Libor floor, in line with existing first-lien term loan pricing, the source said.

Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC are the leads on the deal.

Commitments are due at noon ET on Friday, the source added.

Proceeds will be used to fund a tuck-in acquisition.

TriMark is a South Attleboro, Mass.-based provider of equipment, supplies and design services to the foodservice industry.

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