Container Store launches $329 million term loan B for repricing

By Sara Rosenberg

New York, Nov. 18 - The Container Store Inc. held a call at 3:30 p.m. ET on Monday to launch a $329 million term loan B due April 2019, according to sources.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to reprice/refinance an existing term loan B from Libor plus 425 basis points with a 1.25% Libor floor.

Container Store is a Coppell, Texas-based retailer of organization and storage products.

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