F&W Publications seeks $108 million in first-, second-lien loan add-ons

By Sara Rosenberg

New York, March 2 - F&W Publications Inc. is in-market with a $33 million add-on to its first-lien term loan and a $75 million second-lien term loan, according to a market source.

JPMorgan is the lead bank on the deal that was launched to investors on Thursday.

The first-lien add-on is being talked at Libor plus 225 basis points, in line with existing first-lien pricing, and the second-lien term loan is being talked at Libor plus 450 bps, the source said.

Proceeds will be used to refinance the company's existing second-lien term loan.

F&W is a Cincinnati-based publisher of special interest magazines and books.

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