KinderCare sets Wednesday lender call for $884 million loan repricing

By Paul A. Harris

Portland, Ore., April 11 – Kuehg Corp., the operator of KinderCare will participate in a call with lenders at 10 a.m. ET on Wednesday to kick off a repricing of $884 million of its first-lien term loan due Aug. 13, 2022 (B1/B), according to a market source.

Credit Suisse Securities (USA) LLC is leading the deal.

Talk is Libor plus 350 to 375 basis points, versus the 425 bps existing spread. The spread will float atop a 1% Libor floor.

The repricing is being offered at par.

There is 101 soft call protection for six months.

Commitments are due at 5 p.m. ET on April 20.

KinderCare, formerly known as Knowledge Universe, is a Portland, Ore.-based provider of early childhood care and education services.

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