KIK Custom $80 million term loan add-on prices at Libor plus 700 bps

By Sara Rosenberg

New York, May 24 - KIK Custom Products set final terms on an $80 million first-lien senior secured add-on term loan at Libor plus 700 basis points with a 1.5% Libor floor and an original issue discount of 97, according to a market source.

The add-on matures on March 31, 2014.

UBS Securities LLC is the lead bank on the deal.

KIK Custom Products is a Concord, Ont.-based custom manufacturer of consumer products in the laundry, household cleaners, personal care, over-the-counter medicated and pharmaceutical categories.

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