Genesys launches $300 million term loan at Libor plus 325 bps area

By Sara Rosenberg

New York, Oct. 22 - Genesys Telecommunications Laboratories Inc. launched on Tuesday its $300 million term loan (B2/B) with price talk in the Libor plus 325 basis points area with a 1% Libor floor and an original issue discount of 991/2, according to market sources.

The term loan has 101 soft call protection for six months, sources said.

Of the total term loan amount, $100 million will be funded and $200 million will be delayed-draw.

J.P. Morgan Securities LLC and Goldman Sachs Bank USA are the lead banks on the deal.

Proceeds will be used to refinance existing debt and fund the acquisition of Echopass Corp., a Pleasanton, Calif.-based application service provider offering web-based telephone and internet customer support services.

Closing on the acquisition is expected in the fourth quarter,

Genesys is a Daly City, Calif.-based provider of customer engagement and contact center solutions.

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