SiteOne Landscape launches $120 million term loan at 99.03 OID

By Sara Rosenberg

New York, July 6 – SiteOne Landscape Supply Holding LLC held a lender call at 11 a.m. ET on Thursday to launch a fungible $120 million add-on term loan that is talked with an original issue discount of 99.03, according to a market source.

Pricing on the add-on term loan is SOFR+CSA plus 200 basis points with a 0.5% floor.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Wednesday, the source added.

Proceeds will be used to pay down ABL borrowings and for general corporate purposes.

SiteOne is a Roswell, Ga.-based distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products and supplies for the green industry.

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