Evenflo to launch $205 million credit facility Wednesday

By Sara Rosenberg

New York, Jan. 12 - Evenflo Co. Inc. is scheduled to hold a bank meeting on Wednesday to launch a $205 million credit facility, according to a syndicate document.

Credit Suisse is the lead bank on the deal.

The facility consists of a $40 million five-year revolving credit facility talked at Libor plus 250 to 300 basis points, a $120 million six-year term loan B talked at Libor plus 250 to 300 bps and a $45 million seven-year second-lien term loan talked at Libor plus 650 to 700 bps, the document said.

Proceeds will be used to fund the leveraged buyout of the company by Weston Presidio from Harvest Partners.

Evenflo is a Vandalia, Ohio, manufacturer and marketer of a full line of juvenile products.

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