Bioplan/Arcade to launch selldown of first-, second-lien term loans

By Sara Rosenberg

New York, April 17 – Bioplan/Arcade Marketing will hold a roadshow on Monday through Thursday and then host a lender call on April 24 to launch the selldown of about $388.1 million in term loan debt, according to a market source.

The debt consists of a $283.1 million first-lien term loan due September 2021 that is priced at Libor plus 475 basis points with a 1% Libor floor, and a $105 million second-lien term loan due September 2022 that is priced at Libor plus 825 bps with a 1% Libor floor.

Goldman Sachs Bank USA, Credit Suisse Securities (USA) LLC, Barclays and Deutsche Bank Securities Inc. are the lead banks on the deal, with Goldman the left lead on the first-lien loan and Credit Suisse the left lead on the second-lien loan.

The loans funded in 2014 as Bioplan and Arcade Marketing merged, but struggled in syndication due to unfavorable market conditions.

Bioplan/Arcade Marketing is a provider of sampling and packaging solutions for the fragrance, cosmetics and skincare segments.

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