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At Home sets spread on $300 million term loan B at Libor plus 400 bps
By Sara Rosenberg
New York, May 18 – At Home Holding III Inc. firmed pricing on its $300 million first-lien term loan B (B-) at Libor plus 400 basis points, the low end of the Libor plus 400 bps to 425 bps talk, according to a market source.
The term loan still has a 1% Libor floor and an original issue discount of 99.
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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