4L Holdings upsizes incremental term loan B to $100 million

By Sara Rosenberg

New York, April 9 - 4L Holdings increased the size of its incremental term loan B to $100 million from $85 million, according to a market source.

Pricing on the incremental loan is Libor plus 550 basis points with a 1.25% Libor floor, in line with existing term loan B pricing.

GE Capital Markets is the lead bank on the deal.

Proceeds are being used to fund a dividend.

4L is an Ottawa, Ill.-based electronics company.

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