Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Leaf Home > News item |
Leaf Home readies launch of $1.41 billion term loan B for Thursday
By Sara Rosenberg
New York, Feb. 2 – Leaf Home (LHS Borrower LLC) is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $1.41 billion seven-year term loan B (B), according to a market source.
JPMorgan Chase Bank, Barclays, BofA Securities Inc., Goldman Sachs Bank USA, KeyBanc Capital Markets, Truist, Huntington, Golub Capital and Citizens are the leads on the deal.
Price talk on the term loan is SOFR+CSA plus 450 basis points to 475 bps with a 25 bps step-down based on net leverage and a 25 bps step-down upon an initial public offering, a 0.5% floor and an original issue discount of 99, the source said.
CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.
The term loan has 101 soft call protection for six months.
Commitments are due at 5 p.m. ET on Feb. 15, the source added.
Proceeds will be used to refinance an existing $1.358 billion term loan B and to pay associated fees and expenses.
Leaf Home is a Hudson, Ohio-based technology-enabled direct-to-consumer provider of home solutions.
© 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.