Harbor Freight to launch $440 million term loan repricing Friday

By Sara Rosenberg

New York, Nov. 10 - Harbor Freight Tools is scheduled to launch a mark-to-market repricing of its $440 million term loan via a conference call on Friday, according to a market source.

Credit Suisse First Boston and UBS are the lead banks on the deal.

The company is looking to lower pricing to Libor plus 225 basis points from Libor plus 275 basis points, the source said.

Harbor Freight Tools is a Camarillo, Calif., tool and equipment catalog retailer.

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