Janus launches $75 million incremental first-lien term loan

By Sara Rosenberg

New York, Feb. 13 – Janus International Group held a lender call at 2 p.m. ET on Wednesday to launch a non-fungible $75 million incremental first-lien term loan, according to a market source.

UBS Investment Bank is the lead on the deal.

Price talk on the incremental term loan is Libor plus 450 basis points with an original issue discount of 98.5, the source said.

The incremental loan has 101 soft call protection for one year.

Commitments are due on Feb. 21, the source added.

Proceeds will be used to support several tuck-in acquisitions.

Janus is a Temple, Ga.-based manufacturer of roll up and swing doors, hallway systems and re-locatable storage units for the self-storage industry.

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