Vogue International tightens discount on $205 million term loan to 99½

By Sara Rosenberg

New York, Feb. 25 – Vogue International modified the original issue discount on its $205 million add-on term loan (B2) to 99½ from 99, according to a market source.

Pricing on the add-on loan remained at Libor plus 475 basis points with a 1% Libor floor and there is still 101 soft call protection for one year.

Commitments were due at noon ET on Wednesday, the source said.

Goldman Sachs Bank USA and Bank of America Merrill Lynch are the lead banks on the deal.

Proceeds will be used to fund a dividend.

Vogue is a Tampa Bay, Fla.-based manufacturer and distributor of salon-heritage hair care and other personal care products.

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