Waupaca Foundry reprices term loan B to Libor plus 300 bps

By Sara Rosenberg

New York, March 4 - Waupaca Foundry Inc. wrapped the repricing of its term loan B, which took pricing down to Libor plus 300 basis points with a 1% Libor floor from Libor plus 350 bps with a 1% Libor floor, according to a market source.

The repriced loan was issued at par and has 101 soft call protection for one year, the source said.

During syndication, the call protection was extended from six months.

GE Capital Markets led the deal that allocated on Friday.

Waupaca Foundry is a Waupaca, Wis.-based producer of gray and ductile iron castings for the automotive, truck, agriculture, construction, hydraulics and commercial vehicle markets.

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