USNR Wood ups spread on $315 million term loan to Libor plus 500 bps

By Sara Rosenberg

New York, Oct. 8 – USNR Wood Fiber lifted pricing on its $315 million seven-year term loan B to Libor plus 500 basis points from Libor plus 475 bps, according to a market source.

The term loan still has a 0.75% Libor floor, an original issue discount of 98.5 and 101 soft call protection for six months.

JPMorgan Chase Bank, Citizens Bank and US Bank are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by One Equity Partners and merger of USNR LLC with Wood Fiber Group.

USNR is a Woodland, Wash.-based supplier of equipment and technologies for the wood processing industry. Wood Fiber is a manufacturer and supplier of consumable cutting tools, MRO supplies, technical services and cutting tool related maintenance equipment to the wood fiber processing industry.

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