Vogue International launches $205 million add-on loan to investors

By Sara Rosenberg

New York, Dec. 8 – Vogue International held a call at 2 p.m. ET on Monday to launch a fungible $205 million add-on term loan, according to a market source.

Goldman Sachs Bank USA and Bank of America Merrill Lynch are the lead banks on the deal.

Price talk on the add-on loan is Libor plus 450 basis points to 475 bps with a 1% Libor floor and an original issue discount of 99, the source said.

The add-on term loan has 101 soft call protection for one year.

Proceeds will be used to fund a dividend.

Commitments are due on Friday, the source added.

Vogue is a Tampa Bay, Fla.-based manufacturer and distributor of salon-heritage hair care and other personal care products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.