Wilshire Grand gets $113.8 million add-on term loan at 99.75 OID

By Sara Rosenberg

New York, Feb. 25 – Wilshire Grand Center wrapped a $113.8 million add-on term loan due December 2022 at pricing of Libor plus 500 basis points with a 0.5% Libor floor and an original issue discount of 99.75, according to a market source.

SCB is the lead on the deal.

Wilshire Grand is a hotel and mixed-use building.

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