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Resonetics shops amendment to shift term loan to SOFR pricing
By Sara Rosenberg
New York, April 10 – Resonetics LLC is seeking a negative consent amendment to transition its term loan to SOFR from Libor and added CSA, according to a market source.
The company is offering ARRC CSA of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.
Credit Suisse Securities (USA) LLC is the lead on the deal.
The amendment deadline is end of day on Friday, the source added.
Resonetics is a MedTech contract manufacturing organization specializing in micro-manufacturing and other highly technical capabilities.
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