OneStopPlus talks first-lien term loan at Libor plus 475-500 bps

By Sara Rosenberg

New York, Jan. 15 - OneStopPlus Group launched on Tuesday its $280 million seven-year first-lien term loan with talk of Libor plus 475 basis points to 500 bps with a 1.25% Libor floor and an original issue discount of 99, according to sources.

The company's $425 million credit facility also provides for a $60 million five-year revolver and an $85 million 71/2-year second-lien term loan that has already been placed.

Goldman Sachs & Co. and Jefferies & Co. are leading the deal.

Proceeds, along with equity, will be used to fund the buyout of the company by Charlesbank Capital Partners and Webster Capital.

Closing is expected this quarter.

OneStopPlus is a New York-based catalog retailer and online marketplace for plus-size consumers.

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