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kdc/one to launch $991.7 million equivalent term loan on Tuesday
By Sara Rosenberg
New York, July 24 – kdc/one is scheduled to hold a lender call at 10:30 a.m. ET on Tuesday to launch a $991.7 million equivalent U.S. and euro five-year first-lien term loan, according to a market source.
UBS Investment Bank, Morgan Stanley Senior Funding Inc., BMO Capital Markets, JPMorgan Chase Bank, Goldman Sachs Bank USA, Deutsche Bank Securities Inc., Citizens, Natixis, RBC Capital Markets and KKR Capital Markets are the arrangers on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on Aug. 2.
Proceeds will be used with other senior secured debt to refinance the company’s existing first-lien credit facilities.
KDC US Holdings Inc. is the U.S. borrower, and kdc/one Development Corp. Inc. is the Canadian borrower.
kdc/one is a Longueuil, Quebec-based provider of value-added solutions to brands in the home care and beauty and personal care categories.
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