WernerCo seeks $95 million add-on term loan B at 99.75-par OID

By Sara Rosenberg

New York, Oct. 31 – WernerCo is in market with a fungible $95 million add-on term loan B that is talked at Libor plus 400 basis points with a 1% Libor floor and an original issue discount of 99.75 to par, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to fund an acquisition.

Commitments are due on Monday, the source added.

WernerCo is a Schaffhausen, Switzerland-based manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment.

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