Great American Outdoors launches $4.47 billion term loan B

By Sara Rosenberg

New York, Nov. 9 – Great American Outdoors Group was scheduled to hold a lender call at 2 p.m. ET on Tuesday to launch a $4.466 billion term loan B due 2028 that is talked at Libor plus 375 basis points to 400 bps with a 0.75% Libor floor and a par issue price, according to a market source.

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

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Nov. 17, the source added.

Proceeds will be used to reprice an existing term loan down from Libor plus 425 bps with a 0.75% Libor floor.

Great American Outdoors is a Springfield, Mo.-based outdoor retailer that owns Cabela’s and Bass Pro Shops, White River Marine Group and Our Nature Resorts.

© 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.