Feb. 12 (Bloomberg) -- Jemella Group Ltd., the producer of “ghd” brand of hair-styling products, is marketing 150 million pounds ($235 million) of loans backing its buyout by Lion Capital LLP.
The financing is being arranged by Lloyds Banking Group Plc and a lender meeting will take place in London on Feb. 15, according to a person with knowledge of the deal, who asked not be named because the information is private.
The debt includes an 80 million-pound term loan B split between pounds and euros, with the 60 million-pound equivalent euro piece paying an interest margin of 525 basis points more than benchmarks and the 20 million-pound portion paying 575 basis points, the person said.
There is also a 40 million-pound six-year term loan A, a 20 million-pound credit line and a 10 million-pound acquisition facility, all paying a margin of 500 basis points, they said. A basis point is 0.01 percentage point.
Shona Prendergast, a spokeswoman for Lion Capital, declined to comment on the debt financing.
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