A Place for Mom flexes $160 million term loan B to Libor plus 400 bps

By Sara Rosenberg

New York, July 31 – A Place for Mom trimmed pricing on its $160 million term loan B to Libor plus 400 basis points from Libor plus 475 bps, according to a market source.

Additionally, the original issue discount on the term loan was tightened to 99.5 from 99, the source said.

The term loan still has a 1% Libor floor and 101 soft call protection for six months.

The company’s $180 million of credit facilities also include a $20 million revolver.

Citizens Bank and Antares Capital are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Silver Lake and General Atlantic from Warburg Pincus.

Closing is subject to customary conditions.

A Place for Mom is a Seattle-based provider of resources and assistance in finding senior living options.

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