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MeridianLink flexes $435 million term loan B to Libor plus 300 bps
By Sara Rosenberg
New York, Oct. 27 – MeridianLink Inc. trimmed pricing on its $435 million seven-year term loan B (B2/BB-/BB+) to Libor plus 300 basis points from talk in the range of Libor plus 325 bps to 350 bps, according to a market source.
The term loan still has a 0.5% Libor floor, an original issue discount of 99.5 and 101 soft call protection for six months.
BofA Securities Inc. is the left lead on the deal.
Recommitments were scheduled to be due at 5 p.m. ET on Wednesday, the source added.
Proceeds will be used to refinance existing debt.
MeridianLink is a Costa Mesa, Calif.-based provider of SaaS-based solutions to financial institutions that simplify loan decisioning, deposit and loan originations and workflow challenges.
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