Custom Building Products launches first-lien repricing effort

By Sara Rosenberg

New York, Oct. 28 - Custom Building Products Inc. held a conference call on Friday afternoon asking lenders to lower pricing on its first-lien term loan that was obtained earlier this year, according to a market source.

The company is looking to cut the first-lien term loan interest rate to Libor plus 200 basis points from Libor plus 225 bps, the source said.

Bank of America is the lead bank on the deal.

Custom Building Products is a Seal Beach, Calif., provider of installation solutions for tile and stone.

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