Milacron launches term loan repricing at Libor plus 275 bps

By Sara Rosenberg

New York, Oct. 31 – Milacron LLC was scheduled to hold a call at 1 p.m. ET on Tuesday to launch a repricing of its term loan that is talked at Libor plus 275 basis points with a 0% Libor floor and a par issue price, according to a market source.

The repriced loan will include 101 soft call protection for six months, the source said.

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

The repricing will take the term loan down from Libor plus 300 bps with a 0% Libor floor.

Commitments are due at noon ET on Monday, the source added.

As of June 30, the company had $942.3 million outstanding under its term loan due September 2023.

Milacron is a Cincinnati-based provider of plastics processing technologies and industrial fluids.

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