Survey Sampling launches $160 million term B at Libor plus 450 bps

By Sara Rosenberg

New York, Nov. 14 - Survey Sampling Inc. launched on Thursday its $160 million term loan B with price talk of Libor plus 450 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

The company's $180 million senior credit facility also includes a $20 million revolver.

GE Capital Markets is the lead on the deal.

Proceeds will be used to refinance existing debt.

In addition, the company is getting a $53 million second-lien tranche that has been fully placed with the company's existing junior capital provider.

Survey Sampling is a Shelton, Conn.-based provider of global data collection services used by market research firms, consulting firms, corporate end-users and public opinion firms to conduct survey research.

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