Blue Yonder launches $620 million term B at Libor plus 300-325 bps

By Sara Rosenberg

New York, July 27 – Blue Yonder launched a $620 million 5.5-year term loan B that is talked at Libor plus 300 basis points to 325 bps with a 1% Libor floor and an original issue discount of 99.5, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to repay term loan borrowings.

Blue Yonder, formerly JDA Software Group, is a Scottsdale, Ariz.-based software and consultancy company.

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