Credit Suisse is marketing a $500 million loan for Mary Kay Cosmetics Inc.
The Dallas-based cosmetics company will use the loan to refinance debt as well as to make distributions to some shareholders.
The bank is looking for six co-agents. Banking experts think this loan might portend another active quarter in the loan syndication market.
The facility consists of a $50 million five-year revolver priced at Libor plus 250 basis points; a $250 million six-year-amortizing A tranche priced at Libor plus 250; a $100 million seven-year B tranche priced at Libor plus 300; and a $100 million eight-year C tranche priced at Libor plus 325 basis points.
A bank meeting has been scheduled for Thursday in Dallas.