At Home launches $300 million term loan B at Libor plus 400-425 bps

By Sara Rosenberg

New York, May 7 – At Home Holding III Inc. launched on Thursday its $300 million first-lien term loan B (B-) with price talk of Libor plus 400 basis points to 425 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.

Bank of America Merrill Lynch and Jefferies Finance LLC are the lead banks on the deal.

Proceeds will be used to pay down revolver borrowings and refinance notes.

At Home is a Dallas-based big box specialty retailer of home decor products.

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