Genesys releases price talk on $3.35 billion equivalent term loans

By Sara Rosenberg

New York, Sept. 30 – Genesys launched on Wednesday its $2.825 billion seven-year term loan B with price talk of Libor plus 400 basis points to 425 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

The company’s $525 million euro equivalent seven-year term loan B launched with talk of Euribor plus 400 bps to 425 bps with a 0% floor and a discount of 98, the source said.

Both term loans have 101 soft call protection for six months.

BofA Securities Inc., Goldman Sachs Bank USA, Citigroup Global Markets Inc., RBC Capital Markets, Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are the leads on the $3.35 billion equivalent of term loans (B-).

Commitments are due on Oct. 7, the source added.

Proceeds will be used to refinance existing debt and fund a dividend.

Genesys is a Daly City, Calif.-based provider of omnichannel customer experience and contact center solutions.

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