DirectBuy raises pricing on $325 million credit facility to Libor plus 450 bps

By Sara Rosenberg

New York, Dec. 7 - DirectBuy flexed pricing higher on its $325 million credit facility to Libor plus 450 basis points from Libor plus 400 bps, according to a market source.

Tranching on the deal is comprised of a $275 million term loan B and a $50 million revolver.

In addition, the original issue discount on the term loan B was increased to 96 from 991/2, the source remarked.

JPMorgan is the lead bank on the deal.

Proceeds will be used to help fund the buyout of the company by Trivest Partners LP.

DirectBuy is a Merrillville, Ind., members-only showroom and home design center that offers merchandise at manufacturer-direct prices.

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