Accounts have received allocations of the $400 million, seven-year term loan B for Royal Oak Enterprises LLC that priced tight to talk at L+400, with a 0.75% Libor floor and an original issue discount of 99.5 via lead arrangers Barclays and Citi, according to sources. The loan broke into the secondary at 99.75/100.5. Proceeds will be used to repay an existing term loan and repurchase minority ownership interest to increase Mariposa Capital's stake in the company. Royal Oak makes charcoal briquettes, firelogs and related products. Terms:
| Borrower | Royal Oak Enterprises (Ozark Holdings LLC) |
| Issue | $400 million term loan B |
| UoP | Refinancing |
| Spread | L+400 |
| LIBOR floor | 0.75% |
| Price | 99.5 |
| Tenor | 7-year |
| YTM | 4.93% |
| Four-year yield | 4.98% |
| Call protection | 101 soft call for six months |
| Corporate ratings | NR/NR |
| Facility ratings | NR/NR |
| Recovery ratings | NR |
| Financial covenants | N/A |
| Arrangers | Barc/Citi |
| Admin agent | Barc |
| Px Talk | L+400-425/1%/99 |
| Sponsor | Mariposa Capital |
| Notes |