Rough Country raises term loan to $110 million, revises OID to 99.5

By Sara Rosenberg

New York, Jan. 19 – Rough Country upsized its fungible add-on term loan due July 28, 2028 to $110 million from $100 million and changed the original issue discount to 99.5 from 99.03, according to a market source.

Pricing on the add-on term loan is SOFR+CSA plus 350 basis points with a 0.75% floor, in line with existing term loan pricing.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Golub Capital and Jefferies LLC are the joint lead arrangers on the deal.

Proceeds will be used to repay a portion of the company’s existing second-lien term loan.

Rough Country is a Dyersburg, Tenn.-based manufacturer and distributor of off-road accessories and suspension systems.

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