Insight Global finalizes $903 million term loan at Libor plus 400 bps

By Sara Rosenberg

New York, May 10 – Insight Global (IG Investments Holdings LLC) firmed pricing on its $903 million first-lien term loan (B1/B) due October 2021 at Libor plus 400 basis points, the low end of the Libor plus 400 bps to 425 bps talk, according to a market source.

As before, the term loan has a 1% Libor floor, a par issue price and 101 soft call protection for six months.

Credit Suisse Securities (USA) LLC, Bank of America Merrill Lynch, RBC Capital Markets LLC, Wells Fargo Securities LLC and SunTrust Robinson Humphrey Inc. are the bookrunners on the deal.

Proceeds will be used to reprice an existing first-lien term loan down from Libor plus 500 bps with a 1% Libor floor.

Insight Global is an Atlanta-based temporary staffing firm for the information technology sector.

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