Kellermeyer wraps $50 million incremental term loan at 99 OID

By Sara Rosenberg

New York, Aug. 18 – Kellermeyer Bergensons Services LLC got a $50 million incremental first-lien term loan at pricing of Libor plus 500 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

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

During syndication, the incremental loan was upsized from $45 million due to oversubscription.

BNP Paribas Securities Corp. acted as the lead bank on the deal.

Proceeds were used to fund the acquisition of Varsity Facility Services, a facility services provider in the United States and Canada.

Kellermeyer is an Oceanside, Calif.-based provider of technology-enabled, integrated interior and exterior property services to retailers, grocers, and multi-site customers.

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