Cyanco Intermediate firms $50 million add-on term loan at OID of 99¾

By Sara Rosenberg

New York, Dec. 16 - Cyanco Intermediate Corp. set the original issue discount on its $50 million add-on term loan due April 2020 at 993/4, the wide end of the 99¾ to par talk, according to a market source.

Pricing on the loan is Libor plus 450 basis points with a 1% Libor floor.

Deutsche Bank Securities Inc. is the lead bank on the deal.

Proceeds will be used to fund a dividend.

Cyanco is a Reno, Nev.-based supplier of sodium cyanide to the mining industry.

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