AlliedBarton talks $100 million add-on term loan at Libor plus 400 bps

By Sara Rosenberg

New York, Nov. 15 - AlliedBarton Security Holdings LLC held a call at 3 p.m. ET on Thursday to launch a $100 million add-on first-lien term loan that is talked at Libor plus 400 basis points with a 1.25% Libor floor and an original issue discount of 99, according to a market source.

There is 101 repricing protection for one year, the source said.

The add-on loan due February 2017 is fungible with the existing first-lien term loan.

Credit Suisse Securities (USA) LLC is the lead bank on the deal.

Proceeds will be used to fund a dividend and refinance existing debt.

AlliedBarton is a security officer 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.