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FullBeauty firms $160 million add-on term loan at Libor plus 375 bps
By Sara Rosenberg
New York, March 18 – FullBeauty Brands firmed pricing on its $160 million add-on first-lien term loan at Libor plus 375 basis points, the low end of the Libor plus 375 bps to 400 bps talk, according to market sources.
The add-on loan still has a 1% Libor floor, an original issue discount of 99½ and 101 soft call protection for six months.
Goldman Sachs Bank USA, Jefferies Finance LLC and BMO Capital Markets Corp. are the lead banks on the deal.
Proceeds will be used to help fund a dividend.
FullBeauty Brands, previously known as OneStopPlus Group, is a New York-based catalog retailer and online marketplace for plus-size consumers.
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