Price talk is making the rounds on the $400 million term loan B for Royal Oak Enterprises LLC via joint bookrunners Barclays and Citi, according to sources. Commitments are due at noon ET on Dec. 11.

Price talk for the seven-year TLB is L+400-425, with a 1% Libor floor, offered at 99. That works out to a yield to maturity of around 5.28%-5.54%. Lenders are offered six months of 101 soft call protection. Issuance comes via Ozark Holdings LLC.

Proceeds will be used to repay the existing term loan and repurchase minority ownership interest to increase Mariposa Capital's stake in the company.

In December 2017, the issuer completed a refinancing of its $371.5 million TLB due July 2023 at pricing of L+325, with a 1% floor.

Royal Oak manufactures charcoal briquettes, firelogs and related products. The company was bought out by Mariposa Capital in 2016.