Euro-Pro plans $100 million add-on to second-lien loan via JP Morgan

By Paul A. Harris

St. Louis, Sept. 24 - Euro-Pro Holdings LLC is in the market with a $100 million add-on to its second-lien term loan, a market source said.

JP Morgan is leading the deal, which is talked at Libor plus 850 to 900 basis points with a 2% Libor floor and a 98 area reoffer price.

Proceeds will be used to refinance debt and fund a dividend to management.

Euro-Pro is a West Newton, Mass.-based household appliance company.

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