Genesys flexes U.S. and euro term loans to Libor/Euribor plus 375 bps

By Sara Rosenberg

New York, June 29 – Genesys lifted pricing on its $1,573,000,000 term loan B and its €528 million term loan B to Libor/Euribor plus 375 basis points from talk of Libor/Euribor plus 325 bps to 350 bps, according to a market source.

The term loans still have a 0% floor, a par issue price and 101 soft call protection for six months.

Bank of America Merrill Lynch, Goldman Sachs Bank USA, Citigroup Global Markets Inc. and RBC Capital Markets LLC are the lead banks on the deal.

Proceeds will be used to reprice existing U.S. and euro term loans down from Libor/Euribor plus 400 bps with a 1% floor.

Commitments from U.S. lenders were due at 4 p.m. ET on Thursday, and commitments from European investors are due at 7 a.m. ET on Friday, the source added.

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

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