OneStopPlus sets spread on $465 million term B at Libor plus 350 bps

By Sara Rosenberg

New York, March 14 - OneStopPlus Group firmed pricing on its $465 million seven-year term loan B (B1/B) at Libor plus 350 basis points, the low end of the Libor plus 350 bps to 375 bps talk, according to a market source.

Also, the original issue discount on the loan was revised to 99¾ from 991/2, the source said.

The term loan still has a 1% Libor floor and 101 soft call protection for six months.

Goldman Sachs Bank USA, Jefferies Finance LLC and BMO Capital Markets are the lead banks on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

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

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