Citco accelerates term loan B commitment deadline; Gentiva comes to market with add-on loan

By Sara Rosenberg

New York, Oct. 10 – In the primary market on Tuesday, Citco moved up the commitment deadline for its add-on term loan B.

Specifically, Citco accelerated the commitment deadline for its fungible $410 million add-on term loan B due April 2028 to 5 p.m. ET on Wednesday from Thursday, according to a market source.

Pricing on the add-on term loan is SOFR plus 350 basis points with a 0.5% floor, in line with existing term loan B pricing, and the new debt is talked with an original issue discount of 99 to 99.5.

Also, Gentiva approached investors with an add-on term loan B for its acquisition of the Heartland hospice and home care agencies/locations. Gentiva held a lender call at 1 p.m. ET on Tuesday, launching a fungible $500 million add-on term loan B due February 2028 with original issue discount talk of 97 to 97.5, a market source remarked.

Like the existing term loan B, the add-on term loan is priced at SOFR plus 525 bps with a 0.5% floor.

Minimax Viking joined this week’s new issue calendar. The company set a lender call for 9 a.m. ET on Wednesday to launch a minimum $500 million term loan B due July 2028 and a minimum €450 million term loan B due July 2028.

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