Daily News: May 25, 2017

UBS Agents $299.49MM SiteOne Upsize


Subsidiaries of SiteOne Landscape Supply added $299.49 million in new term loans to their credit agreement with UBS Stamford Branch as administrative agent.

Proceeds of these tranche C term loans were used to repay in full the term loans outstanding under the term loan facility immediately prior to effectiveness of the second amendment and pay fees and expenses in connection with the second amendment.

The new term loans bear interest at either an adjusted LIBOR rate plus an applicable margin ranging from 3.25% to 3.50% or an alternative base rate plus an applicable margin, ranging from 2.25% to 2.50. The term loans will mature on April 29, 2022.