Tank Holding launches $528.68 million term loan B repricing

Chicago, Jan. 21 – Tank Holding Corp. launched on Tuesday a $528,675,000 repricing of the company’s term loan B (B2/B) due March 2026 at par, according to a market source.

Pricing on the term loan is Libor plus 350 basis points with a 0% Libor floor.

The loan has 101 soft call protection for six months.

The loan has amortization of 1% per annum.

Morgan Stanley Senior Funding Inc. is the bookrunner on the deal.

Commitments are due at 3 p.m. ET on Friday, the source said.

Tank Holding is a Lincoln, Neb.-based manufacturer of rotationally molded poly and welded steel bulk storage and material handling 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.