Prestige to repay some term loan facility debt with add-on proceeds

By Sarah Lizee

Olympia, Wash., March 16 – Prestige Brands Holdings, Inc. plans to repay a portion of its existing term loan facility using proceeds from a new offering, according to a press release.

The company said on Friday that wholly owned subsidiary Prestige Brands, Inc. intends to offer a $200 million add-on to its 6 3/8% senior notes due 2024.

Proceeds will also be used to pay related fees and expenses.

Prestige Brands is a Tarrytown, N.Y.-based marketer and distributor of over-the-counter and household cleaning products.

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