MW Industries launches $50 million term loan at Libor plus 375 bps

By Sara Rosenberg

New York, March 28 – MW Industries Inc. launched on Thursday its non-fungible $50 million incremental first-lien term loan with price talk of Libor plus 375 basis points with a 0% Libor floor and an original issue discount of 98, according to a market source.

The incremental term loan has 101 soft call protection for six months, the source said.

RBC Capital Markets is the lead bank on the deal.

Commitments are due at noon ET on April 9, the source added.

Proceeds will be used to fund an acquisition.

MW Industries is a Rosemont, Ind.-based designer and manufacturer of springs and other specialty engineered metal components for diverse end markets.

© 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.