SharkNinja readies launch of $455 million term loan for Tuesday

By Sara Rosenberg

New York, Sept. 18 – SharkNinja is scheduled to hold a bank meeting at 11 a.m. ET on Tuesday to launch a $455 million term loan, according to a market source.

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

Price talk on the term loan is Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99, the source said.

Proceeds will be used to help fund the buyout of the company by CDH Investments.

Closing is subject to customary conditions.

SharkNinja is a Needham, Mass.-based producer of household cleaning and kitchen small appliances.

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