Amer Sports talks $600 million term loan at SOFR plus 325-350 bps

By Sara Rosenberg

New York, Feb. 1 – Amer Sports Inc. launched a $600 million seven-year term loan B at talk of SOFR plus 325 basis points to 350 bps with a 0% floor and an original issue discount of 99, according to a market source.

The company also launched a €600 million seven-year term loan B at talk of Euribor plus 350 bps to 375 bps with a 0% floor and a discount of 99.5, the source said.

The term loans have 101 soft call protection for six months.

JPMorgan Chase Bank and Goldman Sachs are joint bookrunners on the deal. JPMorgan is the agent.

Commitments are due at noon ET on Feb. 8, the source added.

Proceeds will be used with other secured debt to refinance existing debt, for general corporate purposes and to pay related fees and expenses.

Amer Sports is a sports and outdoor apparel, footwear, equipment, protective gear and accessories company.

© 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.