Vestcom ups spread on $197 million facility to Libor plus 575 bps

By Sara Rosenberg

New York, Dec. 21 - Vestcom International Inc. increased pricing on its $197 million credit facility to Libor plus 575 basis points from Libor plus 475 bps, according to sources.

In addition, the original issue discount on the deal widened to 98½ from 99.

The 1.25% Libor floor was unchanged, sources said.

The facility consists of a $25 million revolver and a $172 million term loan B.

Included in the B loan is 101 soft call protection for one year.

GE Capital Markets is leading the deal.

Proceeds will be used to help fund the company's buyout by Court Square Capital Partners.

Vestcom is a Little Rock, Ark.-based provider of shelf-edge marketing solutions.

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