Deffenbaugh seeks $155 million six-year term loan B for refinancing

By Sara Rosenberg

New York, March 23 - Deffenbaugh Industries Inc. is currently in market with a $155 million six-year term loan B that would be used to refinance existing debt, according to a market source.

Price talk on the term loan B is Libor plus 500 basis points with a 1.5% Libor floor and a par offer price, the source said.

There is 101 soft call protection for one year.

Credit Suisse Securities (USA) LLC is the lead bank on the deal that launched on March 15.

Commitments are due on Tuesday.

Deffenbaugh is a Kansas City, Kan.-based integrated waste services company.

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