Metaldyne talks $415 million term loan repricing at Libor plus 375 bps

By Sara Rosenberg

New York, Feb. 19 - Metaldyne LLC is talking the repricing of its $415 million term loan B at Libor plus 375 basis points with a 1.25% Libor floor, according to a market source.

The repricing would take the loan down from Libor plus 475 bps with a 1.25% Libor floor.

Included in the repriced loan is 101 soft call protection for six months, the source said.

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

Metaldyne is a Plymouth, Mich.-based designer and supplier of metal-formed components and assemblies for powertrain applications.

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