Bad Boy Mowers shops $250 million term loan at Libor plus 450-475 bps

By Sara Rosenberg

New York, Feb. 24 – Bad Boy Mowers is in market with a $250 million term loan B that is talked at Libor plus 450 basis points to 475 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

The company’s $290 million of credit facilities also include a $40 million revolver.

BNP Paribas Securities Corp. is the lead on the deal that launched earlier this week.

Commitments are due on March 9, the source added.

Proceeds will be used to refinance an existing term loan and mezzanine debt.

Bad Boy Mowers is a manufacturer of high-performance lawn mowers.

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