Careismatic Brands places $90 million incremental term loan

By Sara Rosenberg

New York, Dec. 9 – Careismatic Brands placed a fungible $90 million incremental first-lien term loan, according to a market source.

Pricing on the term loan is Libor plus 375 basis points with a 1% Libor floor, the source said.

Golub Capital acted as the sole lead arranger on the deal.

Proceeds were used to finance an acquisition.

Careismatic, formerly known as Strategic Partners, is a Chatsworth, Calif.-based health care apparel and footwear company and a manufacturer of school uniforms, corporate identity uniforms, adaptive clothing, antimicrobial laundry additives and accessories.

© 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.