Strategic Partners to launch revolver, term loan repricing on Monday

By Sara Rosenberg

New York, Feb. 3 – Strategic Partners Acquisition Corp. is scheduled to hold a lender call at 2 p.m. ET on Monday to launch a repricing of its $45 million revolver and $335 million first-lien term loan, according to a market source.

UBS Investment Bank is the bookrunner on the deal.

Current pricing on the revolver and term loan is Libor plus 525 basis points, with the term loan having a 1% Libor floor.

Strategic Partners is a Chatsworth, Calif.-based designer and manufacturer of medical apparel and footwear and school uniforms.

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