Mister Car talks $20 million add-on, repricing at Libor plus 325 bps

By Sara Rosenberg

New York, Dec. 6 – Mister Car Wash launched on Wednesday its $20 million add-on term loan and repricing of its existing term loan at price talk of Libor plus 325 basis points with a 1% Libor floor, according to a market source.

The add-on term loan is talked with an original issue discount of 99.75, the source said.

Jefferies LLC is the lead on the deal.

The repricing will take the existing term loan down from Libor plus 375 bps with a 1% Libor floor.

Commitments are due on Tuesday, the source added.

Mister Car Wash is a Tucson, Ariz.-based car wash company.

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