Knowlton Development lifts term loan to $105 million, revises OID

By Sara Rosenberg

New York, July 29 – Knowlton Development Corp. upsized its fungible incremental first-lien term loan due Dec. 21, 2025 to $105 million from $85 million, according to a market source.

Furthermore, the original issue discount on the term loan was tightened to 99.75 from 99.5, the source said.

Pricing on the incremental term loan is Libor plus 425 basis points with a 0% Libor floor.

Jefferies LLC is the left lead arranger on the deal.

Commitments remained due at 5 p.m. ET on Monday, the source added.

Proceeds will be used to fund an acquisition and, due to the upsizing, for general corporate purposes.

Knowlton Development is a Quebec-based custom formulator and solution services partner to beauty, personal care and home/industrial care companies.

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