Lakeshore Learning to launch $580 million term loan on Monday

By Sara Rosenberg

New York, Sept. 17 – Lakeshore Learning (Lakeshore Intermediate LLC) is scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $580 million seven-year first-lien term loan, according to a market source.

Jefferies LLC, BMO Capital Markets, Macquarie Capital (USA) Inc., Citizens and KeyBanc Capital Markets are the bookrunners on the deal.

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

Proceeds will be used to help fund the buyout of the company by Leonard Green & Partners.

Lakeshore is a Carson, Calif.-based developer, distributor, and retailer of educational products and classroom furniture, primarily serving the Early Childhood Education and K-5 markets.

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