Dutch LLC withdraws $200 million term loan B from market

By Sara Rosenberg

New York, April 28 - Dutch LLC pulled its $200 million six-year term loan B (B2/BB-) from the primary market, according to a market source.

The term loan was talked at Libor plus 500 basis points to 525 bps with a 1% Libor floor, an original issue discount of 99 to 99½ and 101 soft call protection for six months.

Bank of America Merrill Lynch and RBC Capital Markets were the lead arrangers on the deal.

Proceeds were going to be used to refinance existing debt.

Dutch is a designer, manufacturer, marketer and wholesaler of apparel.

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