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Nellson Nutraceutical to launch $50 million add-on loan on Thursday
By Sara Rosenberg
New York, April 1 – Nellson Nutraceutical LLC will hold a call on Thursday to launch a $50 million add-on term loan, according to a market source.
GE Capital Markets is the lead on the deal.
The add-on term loan is talked at Libor plus 500 basis points with a 1% Libor floor, in line with the existing term loan, and is being offered at an original issue discount of 99, the source said.
Proceeds will be used to help fund the acquisition of certain production assets from NBTY Inc.
Nellson Nutraceutical, a Kohlberg & Co. LLC portfolio company, is an Irwindale, Calif.-based nutritional diet protein energy diabetic medical bar and powder manufacturer.
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