Inspire Brands sets price talk on $2.56 billion refinancing

Chicago, Jan. 21 – Inspire Brands (IRB Holding Corp.) set price talk on Tuesday for its repricing of its $2.56 billion first-lien term loan B (B2/B+) due Feb. 5, 2025, according to a market source.

The loan is talked at Libor plus 275 basis points to 300 bps with a 1% Libor floor and a par issue price.

The loan has 101 soft call protection for six months.

Barclays, Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets, Morgan Stanley Senior Funding Inc. and Wells Fargo Securities LLC and are the lead arrangers on the deal.

Commitments are due at 10 a.m. ET on Friday.

Inspire, a Roark Capital Group portfolio company, is an Atlanta-based multi-brand restaurant company.

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