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Guggenheim Partners firms OID on $250 million add-on term loan at 99½
By Sara Rosenberg
New York, Aug. 5 – Guggenheim Partners Investment Management Holdings LLC finalized the original issue discount on its fungible $250 million add-on covenant-light term loan at 99½, the tight end of the 99¼ to 99½ talk, according to a market source.
Pricing on the add-on term loan matches the existing term loan at Libor plus 325 basis points with a 1% Libor floor.
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.
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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