Vestcom increases incremental term loan amount to $120 million

By Sara Rosenberg

New York, Jan. 21 – Vestcom Parent Holdings Inc. upsized its fungible incremental first-lien term loan B to $120 million from $100 million, according to a market source.

Pricing on the incremental term loan remained at Libor plus 400 basis points with a 1% Libor floor, in line with pricing on the company’s existing $419 million first-lien term loan, with an original issue discount of 99.55.

The term loan debt is getting 101 soft call protection for six months.

Antares Capital is the lead on the deal.

Recommitments were scheduled to be due at 5 p.m. ET on Thursday, the source added.

Allocations are expected on Friday.

Proceeds will be used to fund a distribution to shareholders.

A 12.5 bps amendment fee is being offered to all consenting lenders.

Vestcom, a Charlesbank Capital Partners portfolio company, is a Little Rock, Ark.-based provider of outsourced technology and services that support price communication, merchandising and promotion execution at the shelf edge.

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