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C.H.I. Overhead launches $430.7 million term loan repricing to lenders
By Sara Rosenberg
New York, Feb. 8 – C.H.I. Overhead Doors Inc. held a lender call at 9:30 a.m. ET on Wednesday to launch a repricing of its $430.7 million first-lien term loan, according to a market source.
UBS Investment Bank is the bookrunner on the deal.
The repriced loan is talked at Libor plus 325 basis points with a 1% Libor floor, the source said.
Commitments are due on Friday, the source added.
The repricing will take the term loan down from Libor plus 375 bps with a 1% Libor floor.
C.H.I. Overhead is an Arthur, Ill.-based manufacturer and marketer of overhead garage doors.
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