Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HydroChemPSC > News item |
HydroChemPSC launches $459 million term loan at Libor plus 375 bps
By Sara Rosenberg
New York, April 23 – HydroChemPSC launched on Monday its $459 million first-lien term loan (B2/BB-) due Oct. 5, 2024 with price talk of Libor plus 375 basis points with a 1% Libor floor and a par issue price, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
Goldman Sachs Bank USA is the lead bank on the deal.
Commitments are due at noon ET on Friday, the source added.
Proceeds will be used to reprice an existing term loan down from Libor plus 425 bps with a 1% Libor floor.
HydroChemPSC is an industrial cleaning and specialty maintenance provider.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.