Hunter Fan seeks $205 million credit facility via GE Capital Markets

By Sara Rosenberg

New York, Nov. 27 - Hunter Fan Co. is in market with a $205 million credit facility led by GE Capital Markets, according to sources.

The facility, which launched on Friday, consists of a $25 million revolver, a $117 million six-year first-lien term loan and a $63 million seven-year second-lien term loan.

The first-lien loan is talked at Libor plus 500 basis points with a 1.25% Libor floor and an original issue discount of 99, sources said.

The second-lien loan is loan talked at Libor plus 900 bps with a 1.25% Libor floor and a discount of 98. It also has call protection of 103 in year one, 102 in year two and 101 in year three, sources said.

Proceeds will be used to refinance existing debt and to fund a dividend.

Hunter Fan is a Memphis, Tenn.-based ceiling fan manufacturer.

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