Fluidra launches $492 million term loan at Libor plus 175-200 bps

By Sara Rosenberg

New York, Jan. 14 – Fluidra (Zodiac Pool Solutions LLC) launched on Tuesday its $492 million first-lien term loan (Ba3/BB) due July 2025 with price talk of Libor plus 175 basis points to 200 bps with a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months and amortization of 1% per annum.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and BBVA are the lead arrangers on the deal.

Commitments are due at 5 p.m. ET on Jan. 21.

Proceeds will be used to reprice an existing term loan down from Libor plus 225 bps.

Fluidra is a Sabadell, Spain-based provider of pool equipment and solutions.

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