Anastasia launches $650 million term loan B at Libor plus 375 bps

By Sara Rosenberg

New York, July 19 – Anastasia Beverly Hills launched on Thursday its $650 million seven-year covenant-light term loan B (B2/B/BB+) with price talk of Libor plus 375 basis points with a 0% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

RBC Capital Markets, Goldman Sachs Bank USA, UBS Investment Bank and Deutsche Bank Securities Inc. are the lead arrangers on the deal.

Commitments are due at 5 p.m. ET on Aug. 2, the source added.

Proceeds will be used to help fund TPG Capital’s strategic minority investment in the company.

Anastasia Beverly Hills is a beauty and cosmetics company.

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