S&S Holdings to launch $150 million incremental term loan on Friday

By Sara Rosenberg

New York, Nov. 4 – S&S Holdings LLC is scheduled to hold a lender call at 10 a.m. ET on Friday to launch a fungible $150 million incremental first-lien term loan due March 11, 2028, according to a market source.

Barclays, Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, BMO Capital Markets, BNP Paribas Securities Corp., Citizens, Natixis and Truist are the bookrunners on the deal.

Pricing on the incremental term loan is Libor plus 500 basis points with a 0.5% Libor floor, in line with existing term loan pricing.

Original issue discount talk on the incremental term loan is not yet available, the source said.

Proceeds will be used to fund a tuck-in acquisition.

S&S is a Bolingbrook, Ill.-based distributor of imprintable apparel and accessories.

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