KIK Custom talks $840 million term B repricing at Libor plus 450 bps

By Sara Rosenberg

New York, Jan. 11 – KIK Custom Products Inc. launched on Wednesday the repricing of its $840 million term loan B due Aug. 26, 2022 with price talk of Libor plus 450 basis points with a 1% Libor floor and a par issue price, according to a market source.

The repriced term loan has 101 soft call protection for six months, the source said.

Barclays is the bookrunner on the deal.

Commitments are due at 5 p.m. ET on Jan. 18, the source added.

The term loan is being repriced from Libor plus 500 bps with a 1% Libor floor.

KIK is an Ontario-based developer and marketer of pool and spa treatment products and a manufacturer of consumer, institutional and industrial products.

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