RV Retailer talks $420 million term loan B at Libor plus 425-450 bps

By Sara Rosenberg

New York, Jan. 19 – RV Retailer launched on Tuesday its $420 million seven-year term loan B (B2/B+) with price talk of Libor plus 425 basis points to 450 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA is the left lead on the deal.

Commitments are due on Jan. 28, the source added.

Proceeds will be used to recapitalize the company’s balance sheet and fund near-term dealership acquisitions.

RV Retailer, a Redwood Capital portfolio company, is a recreational vehicle retail company.

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