S&S Holdings launches $150 million incremental term loan at 98.5 OID

By Sara Rosenberg

New York, Nov. 5 – S&S Holdings LLC launched on Friday its fungible $150 million incremental first-lien term loan (B2/B) due March 11, 2028 with original issue discount talk of 98.5, according to a market source.

Pricing on the incremental term loan is Libor plus 500 basis points with a 0.5% Libor floor, in line with existing term loan pricing.

The incremental term loan has 101 soft call protection through March 2022.

Barclays, Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, BMO Capital Markets, BNP Paribas Securities Corp., Citizens, Natixis and Truist are the bookrunners on the deal.

Commitments are due at 5 p.m. ET on Nov. 16, the source added.

Proceeds will be used to fund a tuck-in acquisition.

S&S is a Bolingbrook, Ill.-based distributor of imprintable apparel and accessories.

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