LEVERAGED LOANS

摘要

EDGEWELL PERSONAL CARE set price talk on a financing to back the purchase of shaving products company Harry's. The company is offering to pay 300bp-325bp over Libor for a seven-year US$610m term loan B. The loan will have a 0% floor and a 99 OID. It will carry 101 soft call protection for six months. There will be a ticking fee of 0% of the margin from 0-45 days, followed by 50% of the margin through day 75,100% of the margin days 76 through 100 and then 100% of the margin plus Libor from the 101st day. Bank of America Merrill Lynch, MUFG, Barclays, TV and Standard Chartered are arranging the financing.