Hercules seeking term loan repricing

By Sara Rosenberg

New York, Feb. 22 - Hercules Inc. is looking to reprice its $393 million term loan to Libor plus 150 basis points from Libor plus 175 bps, according to a market source.

The lender call to launch the repricing was held on Tuesday.

Credit Suisse is the lead bank on the deal.

Hercules is a Wilmington, Del., manufacturer and marketer of specialty chemicals and related services.

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