Janus talks $180 million incremental term loan at Libor plus 375 bps

By Sara Rosenberg

New York, July 23 – Janus International Group launched on Tuesday its $180 million incremental first-lien term loan (B) with price talk of Libor plus 375 basis points with an original issue discount of 99, according to a market source.

UBS Investment Bank and Morgan Stanley Senior Funding Inc. are the leads on the deal.

Proceeds will be used to repay an existing second-lien term loan and fund a dividend.

Janus is a Temple, Ga.-based manufacturer of roll-up and swing doors, hallway systems and re-locatable storage units for the self-storage industry.

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