Excelitas seeks to reprice $200 million term at Libor plus 450 bps

By Sara Rosenberg

New York, Feb. 9 - Excelitas Technologies Corp. (previously known as Illumination and Detection Solutions) is looking to reprice its $200 million term loan at Libor plus 450 basis points with a 1% Libor floor from Libor plus 575 bps with a 1.5% Libor floor, according to sources.

UBS is the left lead bank on the deal that launched with a lender call on Tuesday.

The original term loan was obtained late last year to help fund the buyout of the company by Veritas Capital.

Commitments towards the repricing are due on Feb. 11.

Excelitas is a provider of specialty lighting and sensor components, subsystems and integrated products to OEMs for health, environmental and security segments.

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