Genesys launches $1.58 billion term loan B at Libor plus 400-425 bps

By Sara Rosenberg

New York, Jan. 9 – Genesys held a lender call at 4 p.m. ET on Monday to launch a $1,575,000,000 term loan B due 2023 that is talked at Libor plus 400 basis points to 425 bps with a 1% Libor floor and a par issue price, according to a market source.

The term loan B has 101 soft call protection for six months, the source said.

Bank of America Merrill Lynch is the lead on the deal.

Proceeds will be used to refinance an existing term loan B that closed late last year as a $1,558,000,000 tranche priced at Libor plus 525 bps with a 1% Libor floor, and includes 101 soft call protection for one year.

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

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