Weber-Stephen Products has completed its $1.25 billion term loan B due 2027 at pricing of L+325 with a 0.75% Libor floor and an original issue discount of 99.5 via a BofA Securities-led arranger group, according to sources. The TLB was upsized by $50 million, and pricing came tight to talk. It broke for trading in a 99.625/100 market. Proceeds will be used to refinance existing debt, to enhance general liquidity by adding approximately $200 million of excess cash to the balance sheet to support ongoing working capital needs and to raise $350 million in excess funds either to consummate identified potential strategic acquisitions or, if not utilized within six months of closing, to pay a distribution to shareholders. Financing also includes a $300 million revolver due 2025 with a springing net first-lien leverage covenant. Weber-Stephen Products, backed by BDT Capital Partners, is a maker of outdoor grills and accessories. Terms: