Caliber Collision launches $1.95 billion term B at Libor plus 300 bps

By Sara Rosenberg

New York, Jan. 16 – Caliber Collision held a lender call on Thursday to launch a $1,945,000,000 term loan B that is talked at Libor plus 300 basis points with a 0% Libor floor and a par issue price, according to a market source.

BofA Securities Inc. is the lead bank on the deal.

Commitments are due on Jan. 23, the source said.

Proceeds will be used to reprice an existing term loan B down from Libor plus 350 bps.

Caliber Collision is a Lewisville, Tex.-based collision repair company.

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