Credit Suisse First Boston is in the market with a $420 million refinancing for Addison, Texas-based beauty products seller Mary Kay launched on Wednesday. The debt consists of a $100 million, five-year revolver priced at LIBOR plus 31/ 4% with a commitment fee of 1/2%. There is also a $55 million, two-year asset-sale term loan priced at LIBOR plus 33/ 4% and a $265 million six-year term loan "B" with an outof-the-box spread of 33/ 4% over LIBOR. The new loan replaces a $515 million credit arranged in 1997, led by CSFB. Calls to officials at CSFB were not returned and pricing on the old line could not be ascertained. David Holl, cfo, was travelling and could also not be reached.
CSFB Shops Mary Kay Redux