Alion Science launches $124.2 million add-on term loan at 99.5 OID

By Sara Rosenberg

New York, Aug. 7 – Alion Science & Technology Corp. launched on Tuesday its $124.2 million add-on first-lien term loan with original issue discount talk of 99.5, according to a market source.

Pricing on the add-on term loan matches existing term loan pricing at Libor plus 450 basis points with a 1% Libor floor.

UBS Investment Bank, RBC Capital Markets, Macquarie Capital (USA) Inc. and KKR Capital Markets are the leads on the deal.

Commitments are due on Aug. 17, the source said.

Proceeds will be used to help fund the acquisition of MacAulay-Brown Inc., a Dayton, Ohio-based provider of complex engineering and mission critical technology solutions and services for national security missions across Department of Defense and Intelligence Community customers.

Other funds for the transaction will come from a $43 million privately placed add-on to the company’s mezzanine notes and additional contributed equity.

Alion, a portfolio company of Veritas Capital, is a McLean, Va.-based research and development, IT and operational 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.