EnergySolutions launches $637 million term B at SOFR plus 350-375 bps

By Sara Rosenberg

New York, April 29 – EnergySolutions held a lender call at 1:30 p.m. ET on Monday to launch a $637 million term loan B due September 2030 (B2/B) that is talked at SOFR plus 350 basis points to 375 bps with a 0.5% floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

RBC Capital Markets is the left lead arranger on the deal.

Commitments are due at noon ET on Thursday, the source added.

Proceeds will be used to reprice an existing term loan B down from SOFR plus 400 bps with a 0.5% floor.

EnergySolutions is a Salt Lake City-based nuclear services company.

© 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.