Floor & Decor to launch first-lien term loan repricing on Tuesday

By Sara Rosenberg

New York, March 20 – Floor & Decor Outlets of America Inc. will hold a lender call at 11 a.m. ET on Tuesday to launch a repricing of its first-lien term loan, according to a market source.

UBS Investment Bank is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan from Libor plus 425 basis points with a 1% Libor floor.

At closing last year, the term loan was sized at $350 million.

Floor & Décor is an Atlanta-based specialty retailer in the hard surface flooring market.

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