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Camping World firms $525 million term B at Libor plus 475 bps
By Sara Rosenberg
New York, Nov. 15 - Camping World Inc. finalized pricing on its $525 million term loan B (B2/B+) at Libor plus 475 basis points, the wide end of the Libor plus 450 bps to 475 bps talk, according to a market source.
The loan still has a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.
Goldman Sachs Bank USA and Barclays are the lead banks on the deal.
Proceeds are being used to refinance existing debt.
Camping World is a supplier of RV parts, supplies and accessories.
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