Alliance Laundry to launch first-lien loan repricing on Friday

By Sara Rosenberg

New York, Jan. 31 - Alliance Laundry Systems LLC scheduled a call for 11 a.m. ET on Friday to launch a repricing of its first-lien credit facility from Libor plus 425 basis points with a 1.25% Libor floor, according to a market source.

Bank of America Merrill Lynch, BMO Capital Markets Corp., Morgan Stanley Senior Funding Inc. and Scotia Capital (USA) Inc. are the lead banks on the deal.

Alliance Laundry is a Ripon, Mass.-based designer, manufacturer and marketer of commercial laundry equipment used in laundromats, multi-housing laundries and on-premise laundries.

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