E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/19/2020 in the Prospect News Bank Loan Daily.

Correction: Floor & Decor $75 million term loan led by Golub Capital

A story in the May 19 edition of the Prospect News Bank Loan Daily incorrectly reported the lead arranger and bookrunner of Floor & Decor Holdings Inc.’s new incremental term loan. Golub Capital was the lead arranger and bookrunner. A corrected version of the story follows:

New York, May 19 – Floor & Decor Holdings, Inc. subsidiary Floor and Decor Outlets of America, Inc. entered into a $75 million incremental term loan under its existing senior secured term loan agreement on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The incremental loan matures on Feb. 14, 2027 and bears interest at Libor plus 400 basis points with a 1% Libor floor.

Golub Capital was the lead arranger and bookrunner.

The company said it decided to enter into the incremental loan given the “attractive terms” to provide additional flexibility in response to the business environment stemming from the Covid-19 pandemic. Proceeds may be used for general corporate purposes and to support growth plans.

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


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.