Springs Window seeks $75 million term loan B add-on

By Sara Rosenberg

New York, June 20 - Springs Window Fashions, LLC is currently in market with a $75 million term loan B add-on (B1), according to a market source.

Wachovia is the left lead bank on the deal that was launched with a conference call on Tuesday.

The add-on is being talked at Libor plus 275 basis points, in line with existing term loan B pricing, the source said.

Proceeds will be used to fund a dividend payment and repay revolver borrowings.

Springs Window is a Middletown, Wis., manufacturer and designer of window coverings.

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