Genesys relaunches amendment to shift term loan to SOFR

By Sara Rosenberg

New York, April 18 – Genesys relaunched its negative consent amendment to transition its term loan to SOFR from Libor, this time offering ARRC standard CSA of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, according to a market source.

Previously, the company was offering CSA of 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

BofA Securities Inc. is the lead on the deal.

The amendment deadline is the end of the day on Monday, the source added.

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

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