At Home shops $600 million term loan B at Libor plus 450-475 bps

By Sara Rosenberg

New York, June 18 – At Home Group Inc. is talking its $600 million term loan B (B) at Libor plus 450 basis points to 475 bps with a 0.5% 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.

BofA Securities Inc., Barclays, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are leading the deal that launched with a call on Thursday.

Commitments are due at 5 p.m. ET on June 24, the source added.

Proceeds will be used to help fund the buyout of the company by Hellman & Friedman for $37.00 per share in cash.

Other funds for the transaction will come from $300 million of senior secured notes, $500 million of senior unsecured notes and equity.

At Home is a Plano, Tex.-based home decor superstore.

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