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Lucky Bucks finalizes $50 million add-on term loan at 98 OID
By Sara Rosenberg
New York, Oct. 7 – Lucky Bucks set the original issue discount on its fungible $50 million add-on term loan due July 2027 at 98, the wide end of the 98 to 98.5 talk, according to a market source.
Pricing on the add-on term loan is Libor plus 550 basis points with a 0.75% Libor floor, in line with existing term loan pricing.
Macquarie Capital (USA) Inc. is the lead on the deal.
Proceeds will be used for acquisition financing and to repay revolving credit facility borrowings.
Lucky Bucks is a Norcross, Ga.-based digital skill-based coin operated amusement machine route operator.
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