FTD firms pricing on $265 million term loan at Libor plus 350 bps

By Sara Rosenberg

New York, June 7 - FTD set the spread on its $265 million term loan at Libor plus 350 basis points, the wide end of the Libor plus 325 bps to 350 bps talk, according to a market source.

As before, the loan has a 1.25% Libor floor and is being offered at an original issue discount of 991/2.

The company's $315 million credit facility also includes a $50 million revolver.

Wells Fargo Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance existing debt.

FTD is a Downers Grove, Ill.-based floral company.

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