Atkins launches $200 million term loan B at Libor plus 350 bps

By Sara Rosenberg

New York, March 5 – Atkins Nutritionals Holdings Inc. (Simply Good Foods Co.) held a lender call at 2:30 p.m. ET on Monday to launch a $200 million term loan B due July 7, 2024 that is talked at Libor plus 350 basis points with a 1% Libor floor and a par issue price, according to a market source.

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

Barclays and Goldman Sachs Bank USA are the bookrunners on the deal.

Proceeds will be used to reprice an existing term loan B down from Libor plus 400 bps with a 1% Libor floor.

Commitments are due at noon ET on Friday, the source added.

Atkins is a Denver-based developer, marketer and seller of nutritional foods and snacking products.

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