All My Sons talks $290 million term loan at Libor plus 425 bps

By Sara Rosenberg

New York, Sept. 30 – All My Sons launched on Thursday its $290 million first-lien term loan with price talk of Libor plus 425 basis points with a 0.75% Libor floor and an original issue discount of 99 to 99.5, according to a market source.

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

Commitments are due on Oct. 15.

The company’s $455 million of senior secured credit facilities also include a $50 million revolver and a $115 million privately placed second-lien term loan.

Antares Capital and Golub Capital are the leads on the deal.

Proceeds will be used to support a recapitalization of the company by Golden Gate Capital in partnership with the founder and management team.

All My Sons is a Carrollton, Tex.-based provider of residential moving and related services.

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