Lucky Bucks launches $50 million add-on term loan at 98-98.5 OID

By Sara Rosenberg

New York, Sept. 28 – Lucky Bucks held a lender call on Tuesday to launch a fungible $50 million add-on term loan due July 2027 that is talked with an original issue discount of 98 to 98.5, according to a market source.

Pricing on the add-on term loan is Libor plus 550 basis points with a 0.75% Libor floor, in line with existing term loan pricing.

Macquarie Capital (USA) Inc. is the lead on the deal.

Commitments are due on Oct. 7, the source added.

Proceeds will be used for acquisition financing and to repay revolving credit facility borrowings.

Lucky Bucks is a Norcross, Ga.-based digital skill-based coin operated amusement machine route operator.

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