Generac Power talks $929 million term loan B at Libor plus 200 bps

By Sara Rosenberg

New York, Nov. 28 – Generac Power Systems Inc. is marketing a $929 million term loan B at price talk of Libor plus 200 basis points with a 0.75% Libor floor and an original issue discount of 99.875, according to a market source.

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

Proceeds will be used to reprice an existing term loan.

Generac is a Waukesha, Wis.-based designer and manufacturer of generators.

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