Generac readies launch of $830 million term loan B for Tuesday

By Sara Rosenberg

New York, Dec. 2 – Generac Power Systems Inc. is set to hold a lender call on Tuesday to launch an $830 million seven-year term loan B, according to a market source.

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

Price talk on the term loan is Libor plus 175 basis points with a 0% Libor floor and an original issue discount of 99.875 to par, the source said.

The term loan has 101 soft call protection for six months.

Proceeds will be used to amend and extend an existing term loan due 2023.

Commitments are due at 5 p.m. ET on Dec. 10, the source added.

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

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