Compass Diversified reprices term loan B, gets $30 million add-on

By Sara Rosenberg

New York, March 30 - Compass Diversified Holdings wrapped a repricing of its term loan B and upsized the tranche by $30 million so as to pay down revolver borrowings, according to a market source.

The term loan B is now priced at Libor plus 500 basis points with a 1.25% Libor floor, the source said. Previous pricing on the existing debt was Libor plus 600 bps with a 1.5% floor.

The add-on to the B loan was sold at an original issue discount of 99, the source added.

TD Securities (USA) LLC is the lead bank on the deal.

Compass Diversified is a Westport, Conn.-based owner and manager of middle-market businesses.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.