Janus launches $175 million incremental term loan at 99.27 OID

By Sara Rosenberg

New York, Aug. 5 – Janus International Group Inc. launched on Thursday its fungible $175 million incremental first-lien term loan with original issue discount talk of 99.27, according to a market source.

Pricing on the incremental term loan is Libor plus 325 basis points with a 1% Libor floor.

UBS Investment Bank is the lead arranger on the deal.

Commitments are due at noon ET on Aug. 12, the source added.

Proceeds will be used to help fund the acquisition of DBCI from Cornerstone Building Brands.

Closing is expected in the third quarter, subject to customary conditions.

Janus is a Temple, Ga.-based manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions. DBCI is a Douglasville, Ga.-based manufacturer of steel roll-up doors and building products for both the commercial and self-storage industries.

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