Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Energize Holdco LLC > News item |
TRC to launch $105 million incremental term loan on Monday
By Sara Rosenberg
New York, April 12 – TRC Cos. LLC (Energize Holdco) is scheduled to hold a lender call at 10 a.m. ET on Monday to launch a fungible $105 million incremental first-lien term loan due December 2028, according to a market source.
UBS Investment Bank is the left lead arranger on the deal.
Pricing on the incremental term loan is SOFR+CSA plus 375 basis points with a 0.5% floor, in line with existing first-lien term loan pricing.
Original issue discount talk on the incremental term loan is not yet available, the source said.
The incremental term loan has no call protection and amortization of 1% per annum.
Commitments are due at 5 p.m. ET on Thursday, the source added.
Proceeds will be used to partially refinance the company’s existing second-lien term loan.
Warburg Pincus is the sponsor.
TRC is a Windsor, Conn.-based tech-enabled consulting firm focused on providing end-to-end engineering, science and technology solutions.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.