MHS Holdings revises $140 million term loan B-2 issue price to par ˝

By Sara Rosenberg

New York, Jan. 27 – MHS Holdings Inc. tightened the issue price on its fungible $140 million add-on term loan B-2 to par ˝ from par, according to a market source.

Pricing on the add-on term loan matches pricing on the company’s existing $145 million term loan B-2 at Libor plus 625 basis points with a 1% Libor floor.

The add-on term loan has 101 hard call protection through July.

RBC Capital Markets, Flagstar, Credit Suisse Securities (USA) LLC, Mizuho, Citizens and Morgan Stanley Senior Funding Inc. are the lead arrangers on the deal.

Recommitments were scheduled to be due at 2 p.m. ET on Wednesday, the source added.

Proceeds will be used to fund an acquisition.

Thomas H. Lee Partners LP is the sponsor.

MHS is a Mt. Washington, Ky.-based material handling systems integration and automation provider.

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