Citadel Securities seeks $300 million add-on loan at 99.75 area OID

By Sara Rosenberg

New York, June 18 – Citadel Securities is in market with a fungible $300 million add-on term loan (Ba1/BBB-) that is talked with an original issue discount in the 99.75 area, according to a market source.

Pricing on the add-on term loan is Libor plus 350 basis points with a 0% Libor floor.

Bank of America Merrill Lynch and J.P. Morgan Securities LLC are the leads on the deal that launched with a lender call on Monday afternoon.

Proceeds will be used for general corporate purposes.

Citadel is a Chicago-based provider of market-making services to the fixed income, currency and commodity markets.

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