Waupaca Foundry launches $150 million add-on term loan at 99½ OID

By Sara Rosenberg

New York, Jan. 28 - Waupaca Foundry Inc. launched with a call on Monday its $150 million add-on term loan with original issue discount talk of 991/2, according to a market source.

Pricing on the add-on is Libor plus 450 basis points with a 1.25% Libor floor, in line with existing term loan pricing.

Amortization is 5% per year, the same as the existing term loan.

GE Capital Markets is the lead on the deal.

Proceeds will be used to fund a dividend.

Waupaca Foundry is a Waupaca, Wis.-based producer of gray and ductile iron castings for the automotive, truck, agriculture, construction, hydraulics and commercial vehicle 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.