Husky readies launch of $160 million add-on term loan for Wednesday

By Sara Rosenberg

New York, Nov. 5 - Husky Injection Molding Systems Ltd. will launch with a call at 1 p.m. ET on Wednesday a $160 million add-on term loan that is talked at Libor plus 325 basis points with a 1% Libor floor and an original issue discount that is still to be determined, according to a market source.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., RBC Capital Markets LLC and TD Securities (USA) LLC are leading the deal.

Proceeds will be used to fund the acquisition of Schöttli Group, a Diessenhofen, Switzerland-based medical and closure mold making company.

Husky is a Bolton, Ont.-based supplier of injection molding equipment and services to the plastics industry.

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