York Label seeks $104.7 million in term loan add-ons

By Sara Rosenberg

New York, Sept. 20 - York Label is currently in market with $104.7 million in first- and second-lien term loan add-ons, according to a market source.

GE Capital is the lead bank on the deal.

The debt is comprised of a $59 million add-on to the company's existing first-lien term loan, bringing that facility to $168.5 million, and a $45.7 million add-on to its second-lien term loan, bringing that term loan to $96 million, the source said.

The first-lien term loan pricing will be marked to market, increasing to Libor plus 375 basis points from Libor plus 300 bps, and offered at 991/2, the source continued.

There is no price talk on the second-lien add-on, the source added.

Leverage stands at 3.5 times senior and 5.5 times total.

Proceeds will be used for acquisition financing.

York, a Wind Point Partners portfolio company, is an Omaha, Neb., printer and converter of custom, pressure-sensitive labels.

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