Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for VXI Global Solutions > News item |
VXI Global launches $615 million term loan B at SOFR plus 475 bps
By Sara Rosenberg
New York, April 12 – VXI Global Solutions launched on Tuesday its $615 million seven-year term loan B (B3/B) with price talk of SOFR+10 basis points CSA plus 475 bps with a 0.5% floor and an original issue discount of 97 to 97.5, according to a market source.
The term loan has 101 soft call protection for six months.
BofA Securities Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. are the leads on the deal.
Commitments are due at noon ET on April 26, the source added.
Proceeds will be used to help fund the buyout of the company by Bain Capital from Carlyle Group.
VXI is a Los Angeles-based provider of customer care and customer experience 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.