Genesys launches $800 million term loan B at SOFR plus 400 bps

By Sara Rosenberg

New York, Feb. 5 – Genesys held a lender call at 1 p.m. ET on Monday to launch an $800 million incremental term loan B due December 2027 that is talked at SOFR+CSA plus 400 basis points with a 0.75% floor and an original issue discount of 99 to 99.5, according to a market source.

CSA is 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on Feb. 13, the source added.

Proceeds will be used to fund a distribution to shareholders.

Permira and Hellman & Friedman are the sponsors.

Genesys is a Daly City, Calif.-based provider of AI-powered experience orchestration.

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