TCW Group launches $350 million term loan B at Libor plus 225 bps

By Sara Rosenberg

New York, Jan. 21 - TCW Group launched its roughly $350 million term loan B on Tuesday with price talk of Libor plus 225 basis points with a 0.75% Libor floor and an offer price of 99¾ to par, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance an existing term loan B.

TCW is a Los Angeles-based asset management firm that specializes in fixed-income, world equity and alternative markets.

© 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.