TRC launches $105 million incremental term loan at 99.25 OID

By Sara Rosenberg

New York, April 15 – TRC Cos. LLC (Energize Holdco) launched on Monday its fungible $105 million incremental first-lien term loan due December 2028 (B3/B) with original issue discount talk of 99.25, according to a market source.

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.

The incremental term loan has no call protection and amortization of 1% per annum.

UBS Investment Bank is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on Thursday.

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.

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