KIK Custom Products to launch $804.4 million term loan B on Wednesday

By Sara Rosenberg

New York, Feb. 20 – KIK Custom Products Inc. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch an $804.4 million term loan B due May 15, 2023, according to a market source.

Barclays, BMO Capital Markets, Nomura, Macquarie Capital (USA) Inc. and SunTrust Robinson Humphrey Inc. are the bookrunners on the deal.

Proceeds will be used to reprice an existing term loan B and extend the maturity by about nine months.

KIK is a Concord, Ont.-based manufacturer of consumer products.

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