Belfor Holdings launches $75 million add-on term loan B at 99.75 OID

By Sara Rosenberg

New York, June 25 – Belfor Holdings Inc. held a lender call at 11 a.m. ET on Tuesday to launch a fungible $75 million add-on term loan B due April 2026 that is talked with an original issue discount of 99.75, according to a market source.

Pricing on the add-on term loan is Libor plus 400 basis points with a 0% Libor floor.

J.P. Morgan Securities LLC is the lead bank on the deal.

Commitments are due at noon ET on July 2, the source added.

Proceeds will be used to fund the acquisition of a portfolio of residential service brands.

Belfor is a Birmingham, Mich.-based disaster recovery and property restoration company.

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