Genesys launches $2.62 billion term loan B at SOFR plus 350 bps

By Sara Rosenberg

New York, March 12 – Genesys was scheduled to hold a lender call at 2:30 p.m. ET on Tuesday to launch a $2.619 billion term loan B due December 2027 that is talked at SOFR plus 350 basis points with a 0.75% floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months, no CSA 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 10 a.m. ET on Friday, the source added.

Proceeds will be used to reprice an existing $2.619 billion term loan B due December 2027 down from SOFR+CSA plus 400 bps with a 0.75% floor. Current CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

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

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