Guggenheim Partners Investment launches $250 million add-on term loan

By Sara Rosenberg

New York, July 28 – Guggenheim Partners Investment Management Holdings LLC launched with a call on Monday a fungible $250 million add-on covenant-light term loan, according to market sources.

Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets LLC and Fifth Third Securities Inc. are the lead banks on the deal.

Pricing on the add-on term loan matches the existing term loan at Libor plus 325 basis points with a 1% Libor floor, sources said.

Original issue discount talk on the add-on loan is 99¼ to 99½, sources added.

Proceeds will be used for general corporate purposes.

Guggenheim Partners is a financial services firm with headquarters in New York and Chicago.

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