Total Safety gets $20 million term loan at Libor plus 400 bps

By Sara Rosenberg

New York, March 8 - Total Safety got a $20 million incremental term loan at pricing of Libor plus 400 basis points with a 2% Libor floor and an original issue discount of 991/2, according to a market source.

Credit Suisse is the lead bank on the deal that is being used for acquisition financing.

Total Safety is a Houston-based provider of safety service solutions to the upstream, midstream, refinery, chemical, petrochemical, wind energy and industrial markets.

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