Samsonite sets changes, starts trading; Conservice discloses price talk; BRP on deck

By Sara Rosenberg

New York, April 30 – Samsonite raised its incremental first-lien term loan B-2 (Ba2/BB) due April 25, 2025 to $600 million from $500 million and set the spread at Libor plus 450 basis points, the low end of the Libor plus 450 bps to 475 bps talk, according to a market source.

The term loan B-2 still has a 1% Libor floor, an original issue discount of 97, and call protection of non-callable for one year, then a 101 hard call in year two.

Recommitments were due at 3 p.m. ET on Thursday and the term loan B-2 began trading later in the day, with levels quoted at 97½ bid, 98½ offered, a trader added.

Closing is expected during the week of May 4.

In other news, Conservice Midco LLC came out with price talk on its first-lien term loan in connection with its lender call, and BRP Inc. (Bombardier Recreational Products Inc.) joined this week’s primary calendar.

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