UST Holdings shops amendment to transition term loan debt to SOFR

By Sara Rosenberg

New York, Jan. 18 – UST Holdings Ltd. is looking to amend its term loan debt to shift to SOFR from Libor, according to a market source.

The term loan would have CSA of 11 basis points one-month rate, 26 bps three-month rate and 43 bps six-month rate, the source said.

Citigroup Global Markets Inc. is the lead on the deal.

The amendment deadline is 5 p.m. ET on Monday, the source added.

UST Holdings is an Aliso Viejo, Calif.-based provider of digital technology and transformation, information technology and services.

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