BNP Paribas launched syndication last week of a $151 million credit backing Onex Partners' $209 million acquisition of Cosmetic Essence's parent company BMP/CEI Holdings. The credit comprises a $25 million revolver, $90 million first-lien term loan and $36 million second lien. The first lien carries a spread of LIBOR plus 3 1/4%, while the second went out at LIBOR plus 7%.
BNP Paribas Launches Cosmetic Essence