Husky revises offer price on $160 million add-on loan to 99¾ to par

By Sara Rosenberg

New York, Nov. 12 - Husky Injection Molding Systems Ltd. tightened the offer price talk on its $160 million add-on term loan to 99¾ to par from initial talk of 99¼ to 991/2, according to a market source.

Pricing on the add-on is Libor plus 325 basis points with a 1% Libor floor, in line with existing term loan pricing.

Commitments were due at 5 p.m. ET on Tuesday, accelerated from the original Thursday deadline, the source said.

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 Schottli 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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