Samsonite International to launch $500 million term loan B on Tuesday

By Sara Rosenberg

New York, April 1 – Samsonite International SA is scheduled to hold a lender call on Tuesday to launch a $500 million term loan B, according to a market source.

JPMorgan Chase Bank is the left lead on the deal.

Price talk on the term loan is SOFR plus 200 basis points with a 0.5% floor and an original issue discount of 99.75 to par, the source said.

Proceeds will be used to reprice an existing term loan down from SOFR plus 275 bps with a 0.5% floor.

Samsonite is a Hong Kong-based manufacturer of bags and luggage.

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