Enlyte readies launch of $150 million add-on term loan for Tuesday

By Sara Rosenberg

New York, July 24 – Enlyte is set to hold a lender call at 11:30 a.m. ET on Tuesday to launch a $150 million add-on first-lien term loan, according to a market source.

Stone Point and KKR Capital Markets are the bookrunners on the deal.

Proceeds will be used to repay revolving credit facility borrowings and for general corporate purposes.

Enlyte, formerly known as Mitchell International Inc., is a San Diego-based provider of claims software and technology-enabled solutions to the workers’ compensation and auto insurance industries.

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