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Camping World launches $525 million term B at Libor plus 450-475 bps
By Sara Rosenberg
New York, Oct. 30 - Camping World Inc. launched on Wednesday its $525 million term loan B with price talk of Libor plus 450 basis points to 475 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.
The loan has 101 soft call protection for six months, the source said.
Commitments are due on Nov. 13.
Goldman Sachs Bank USA and Barclays are the lead banks on the deal.
Proceeds will be used to refinance existing debt.
Camping World is a supplier of RV parts, supplies and accessories.
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