CSFB Launches Playtex
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CSFB Launches Playtex

Playtex Products is returning to the market with a seven-year, $470 million term loan "C" via sole lead arranger and administration agent Credit Suisse First Boston. Pricing on the line is a skinny LIBOR plus 21/ 2%, which is 75 basis points below pricing on the $325 million "B" tranche arranged this time last year (LMW, 5/3/01). The bank meeting was held last Thursday for the BB-/Ba3 name. Officials at Playtex did not return calls.

CSFB is also coming to the market with a $350 million refinancing deal for Sybron Dental. The company makes products used in orthodontics and general dentistry and the bank loan is rated BB-/Ba3. The loan comprises a $150 million, five-year revolver and a seven-year $200 million "B" tranche. Pricing on the revolver is LIBOR plus 21/ 4% and on the "B" LIBOR plus 23/ 4%. There is also a 1/2% commitment fee on the revolver. The bank meeting date has not yet been set and CSFB officials did not return calls.

 

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