Vogue International to launch $205 million add-on loan on Wednesday

By Sara Rosenberg

New York, Feb. 17 – Vogue International is set to hold a call on Wednesday to launch a $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.

Proceeds will be used to fund a dividend.

The company had come to market last year with a $205 million add-on term loan for a dividend, but the deal was pulled in December. Talk at that time had been Libor plus 450 basis points to 475 bps with a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for one year.

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

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