April 9, 2018 / 8:27 PM / 6 months ago

BRIEF-Tailored Brands Refinances $900 Million Senior Secured Term Loan

April 9 (Reuters) - Tailored Brands Inc:

* TAILORED BRANDS REFINANCES $900 MILLION SENIOR SECURED TERM LOAN

* REFINANCED ITS EXISTING TERM LOAN DUE JUNE 2021, EXTENDING ITS MATURITY TO APRIL 2025

* NEW TERM LOAN WAS ISSUED AT A PRICE EQUAL TO 99.5% OF ITS FACE VALUE, WITH AN INTEREST RATE OF LIBOR PLUS 3.50%

* UPON ENTERING INTO REFINANCING, COMPANY MADE A PREPAYMENT OF $93.4 MILLION ON ITS EXISTING TERM LOAN USING CASH ON HAND Source text for Eikon: Further company coverage:

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