Lucky Bucks talks $500 million term loan at Libor plus 525-550 bps

By Sara Rosenberg

New York, June 30 – Lucky Bucks launched on Wednesday its $500 million first-lien term loan with price talk of Libor plus 525 basis points to 550 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

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

The company’s $550 million of credit facilities (B2/B) also include a $50 million revolver.

Macquarie Capital (USA) Inc. and KeyBanc Capital Markets are the leads on the deal.

Commitments are due on July 16, the source added.

Proceeds will be used to refinance existing debt and fund a distribution.

Lucky Bucks is a Norcross, Ga.-based digital skill-based coin operated amusement machine route operator.

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