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Genesys firms spread on $1.58 billion term B at Libor plus 400 bps
By Sara Rosenberg
New York, Jan. 13 – Genesys finalized pricing on its $1,575,000,000 term loan B due 2023 at Libor plus 400 basis points, the low end of the Libor plus 400 bps to 425 bps talk, according to a market source.
As before, the loan has a 1% Libor floor, a par issue price and 101 soft call protection for six months.
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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