Genesys ups spread on $300 million term loan to Libor plus 350 bps

By Sara Rosenberg

New York, Nov. 1 - Genesys Telecommunications Laboratories Inc. increased pricing on its $300 million term loan (B2/B) to Libor plus 350 basis points from the Libor plus 325 bps area, according to a market source.

As before, the loan has a 1% Libor floor, an original issue discount of 99½ and 101 soft call protection for six months.

J.P. Morgan Securities LLC, Goldman Sachs Bank USA, Citigroup Global Markets Inc. and RBC Capital Markets 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 this quarter.

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

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