Daily News: November 19, 2018

Goldman Sachs Agents $200MM Term Loans for National Vision


Goldman Sachs served as both administrative and collateral agent on a joinder and amendment which established new $200 million first lien term loans for eyewear retailer National Vision.

According to a related 8-K filing, KKR Capital Markets, Citigroup Global Markets, Goldman Sachs Bank, Merrill Lynch, Barclays Bank, Wells Fargo Securities, Morgan Stanley Senior Funding, Mizuho Bank, UBS Securities, Macquarie Capital and Jefferies Finance acted as joint lead arrangers on the joinder and received fees in connection therewith.

The new applicable margins are 1.75% for the new first lien term loans that are LIBOR loans and 0.75% for the new first lien term loans that are ABR loans.

The new loans have a maturity date of October 9, 2023 and will be used to refinance existing indebtedness.

Cahill represented the lead arrangers on the transaction.