SVP Worldwide to launch $350 million term loan B on Wednesday

By Sara Rosenberg

New York, July 6 – SVP Worldwide will hold a lender call at noon ET on Wednesday to launch a $350 million seven-year term loan B, according to a market source.

BofA Securities Inc. is the lead on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to help fund the buyout of the company by Platinum Equity.

Closing is expected in the third quarter.

SVP is a Nashville-based sewing machine company.

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