NFP raises spread on $1.8 billion term loan to Libor plus 325 bps

By Sara Rosenberg

New York, Jan. 31 – NFP Corp. increased pricing on its $1.8 billion seven-year term loan (B2) to Libor plus 325 basis points from Libor plus 300 bps and set the original issue discount at 99.5, the tight end of the 99.25 to 99.5 talk, according to a market source.

BofA Securities is the lead bank on the deal.

Proceeds will be used to refinance an existing term loan.

NFP is a New York-based insurance broker and consultant.

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