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Winnebago talks $260 million term loan at Libor plus 350-375 bps
By Sara Rosenberg
New York, Nov. 28 – Winnebago Industries Inc. is talking a $260 million term loan at talk of Libor plus 350 basis points to 375 bps with a 1% Libor floor and a par issue price, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to reprice an existing term loan.
Winnebago is a Forest City, Iowa-based manufacturer of recreation vehicles. Grand Design is a manufacturer of towable recreation vehicles.
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