Harris Nesbitt is in the market with a $170 million refinancing for RC2 Corp. The company, formerly known as Racing Champions Ertl, makes toys and collectibles. The credit comprises an $85 million revolver and $85 million term loan, an official said. Pricing is LIBOR plus 1 3/4% across the board, the official added.
The credit was originally put into place in March 2003 and was amended in June 2003, Lenders on the existing credit include The Northern Trust Co., U.S. Bank, National City Bank, LaSalle Bank, Fifth Third Bank and The Provident Bank. Jody Taylor, RC2's cfo, did not return calls and Harris Nesbitt bankers declined comment.