Samsonite International firms $500 million term loan B at 99.75 OID

By Sara Rosenberg

New York, April 9 – Samsonite International SA set the original issue discount on its $500 million term loan B at 99.75, the wide end of the 99.75 to par talk, according to a market source.

Pricing on the term loan remained at SOFR plus 200 basis points with a 0.5% floor.

The term loan still has 101 soft call protection for six months.

JPMorgan Chase Bank is the left lead on the deal.

Proceeds will be used to reprice an existing term loan down from SOFR plus 275 bps with a 0.5% floor.

Samsonite is a Hong Kong-based manufacturer of bags and luggage.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.