Greenhill launches $360 million term loan at Libor plus 325-350 bps

By Sara Rosenberg

New York, March 26 – Greenhill & Co. Inc. launched on Tuesday its $360 million five-year first-lien term loan (Ba2/BB) with price talk of Libor plus 325 basis points to 350 bps with a 0% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for one year and amortization of 5% per annum, the source said.

Goldman Sachs Bank USA is the bookrunner on the deal.

Commitments are due on April 9, the source added.

Proceeds will be used to refinance the company’s existing first-lien term loan and to fund cash to the balance sheet.

Greenhill is a New York-based independent investment bank.

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