Waupaca Foundry seeks term loan repricing at Libor plus 325 bps

By Sara Rosenberg

New York, April 9 - Waupaca Foundry Inc. is out with a repricing of its term loan that is talked at Libor plus 325 basis points with a 1% Libor floor and a par offer price, according to a market source.

The repriced loan has 101 soft call protection for six months, the source said.

Commitments are due on Thursday.

With this transaction, the company is taking term loan pricing down from Libor plus 450 bps with a 1.25% Libor floor.

GE Capital Markets is the lead on the deal.

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.

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