TRC increases incremental term loan amount to $210 million

By Sara Rosenberg

New York, April 17 – TRC Cos. LLC (Energize Holdco) upsized its fungible incremental first-lien term loan due December 2028 to $210 million from $105 million, 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.

Original issue discount talk on the incremental term loan remained at 99.25.

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

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

Commitments are due at noon ET on Thursday, accelerated from 5 p.m. ET on Thursday, the source added.

Proceeds will be used to fully, instead of 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.