Imagine! Print to launch $360 million credit facility on Wednesday

By Sara Rosenberg

New York, Feb. 19 – Imagine! Print Solutions LLC is scheduled to hold a bank meeting at 10 a.m. ET on Wednesday to launch a $360 million credit facility (B2), according to a market source.

RBC Capital Markets and Societe Generale are the leads on the deal.

The facility consists of a $40 million five-year revolver and a $320 million six-year term loan B, the source said.

Included in the term loan is a total leverage covenant.

Proceeds will be used to help fund the buyout of the company by Oak Hill Capital Partners from its founder, Bob Lothenbach, who will retain a significant minority ownership position.

Equity will comprise greater than 50% to the transaction, the source added.

Closing is expected this quarter, subject to HSR approval and other customary conditions.

Imagine! is a Minneapolis-based provider of printed in-store marketing solutions.

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