Gigamon talks $150 million incremental loan at Libor plus 450 bps

By Paul A. Harris

Portland, Ore., Jan. 22 – Gigamon Inc. talked a fungible $150 million incremental first-lien term loan due Dec. 27, 2024 with a 450 basis points spread to Libor at 99, according to a market source.

Commitments are due at 2 p.m. ET on Jan. 29.

Jefferies LLC is the lead arranger on the deal.

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

Proceeds will be used to repay an existing second-lien term loan.

Gigamon is a Santa Clara, Calif.-based provider of active visibility into physical and virtual network traffic.

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