Restoration Hardware talks $1 billion term loan at SOFR plus 325 bps

By Sara Rosenberg

New York, April 27 – Restoration Hardware Inc. launched on Wednesday its non-fungible $1 billion incremental term loan B-2 (Ba3/BB) with price talk of SOFR+10 basis points CSA plus 325 bps with a 0.5% floor and an original issue discount of 97.5, according to a market source.

The term loan has 101 soft call protection for six months.

BofA Securities Inc. is the left lead on the deal.

Commitments are due at noon ET on May 4, the source added.

Proceeds will be used for general corporate purposes.

Restoration Hardware is a Corte Madera, Calif.-based upscale home furnishings company.

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