Leslie's Poolmart launches $625 million term loan repricing

By Sara Rosenberg

New York, Feb. 5 - Leslie's Poolmart Inc. launched a repricing of its roughly $625 million term loan on Tuesday with talk of Libor plus 300 basis points to 325 bps with a 1% Libor floor and a par offer price, according to a market source.

By comparison, current pricing on the loan is Libor plus 400 bps with a 1.25% Libor floor.

Bank of America Merrill Lynch is the lead bank on the deal.

Commitments are due on Feb. 12.

Leslie's Poolmart is a Phoenix-based retailer of swimming pool supplies and related products.

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