Samsonite readies launch of $665 million term loan B for Thursday

By Sara Rosenberg

New York, April 11 – Samsonite International SA is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $665 million seven-year covenant-light term loan B, according to a market source.

Bank of America Merrill Lynch, HSBC Bank USA, Morgan Stanley Senior Funding Inc. and SunTrust Robinson Humphrey Inc. are the lead arrangers on the deal.

Proceeds will be used to refinance an existing term loan B.

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.