99 Cents to launch $100 million add-on loan, repricing on Thursday

By Sara Rosenberg

New York, Sept. 25 - 99 Cents Only Stores will hold a call at 11 a.m. ET on Thursday to launch a $100 million incremental term loan and a repricing of its existing $507 million term loan, according to a market source.

RBC Capital Markets, BMO Capital Markets and Deutsche Bank Securities Inc. are the lead banks on the deal.

Current pricing on the existing term loan is Libor plus 400 basis points with a 1.25% Libor floor.

99 Cents is a City of Commerce, Calif.-based operator of extreme-value retail stores.

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