Anastasia tightens discount on $650 million term loan B to 99.5

By Sara Rosenberg

New York, Aug. 1 – Anastasia Beverly Hills revised the original issue discount on its $650 million seven-year covenant-light term loan B to 99.5 from 99, according to a market source.

Pricing on the term loan remained at Libor plus 375 basis points with a 0% Libor floor.

The term loan has 101 soft call protection for six months.

The company’s $800 million of credit facilities (B2/B/BB+) also include a $150 million revolver.

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 noon ET on Thursday, accelerated from 5 p.m. ET on Thursday, 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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