Dynacast shops $45 million add-on term loan at discount of 99

By Sara Rosenberg

New York, June 21 – Dynacast International is seeking a fungible $45 million add-on term loan that is talked at Libor plus 350 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

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

Commitments are due on Wednesday, the source said.

Proceeds will be used to repay revolving credit facility borrowings and for general corporate purposes.

Dynacast is a Charlotte, N.C.-based manufacturer of small, highly complex metal components.

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