Genesys cuts spread on $800 million term loan B to SOFR plus 375 bps

By Sara Rosenberg

New York, Feb. 9 – Genesys lowered pricing on its non-fungible $800 million incremental term loan B due December 2027 (B) to SOFR plus 375 basis points from SOFR plus 400 bps, according to a market source.

In addition, the original issue discount on the term loan was changed to 99.75 from talk in the range of 99 to 99.5, the source said.

The term loan still has a 0.75% floor, CSA of 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate, 101 soft call protection for six months and amortization of 1% per annum.

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

Recommitments were scheduled to be due at 12:45 p.m. ET on Friday, 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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