Milacron to launch $50 million add-on term loan on Thursday

By Sara Rosenberg

New York, Feb. 8 - Milacron LLC is set to hold a conference call on Thursday to launch a proposed $50 million add-on term loan, according to a market source.

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

Price talk on the add-on is Libor plus 600 basis points with a 1.5% Libor floor - in line with existing term loan pricing.

Proceeds will be used to fund a dividend.

Milacron is a Cincinnati-based company involved in plastics-processing technologies, metalworking fluids and precision machining.

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