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Hamilton Lane talks $155 million term loan at Libor plus 500-525 bps
By Sara Rosenberg
New York, Feb. 7 - Hamilton Lane launched its $155 million term loan on Tuesday with price talk of Libor plus 500 basis points to 525 bps with a 1.5% Libor floor and an original issue discount of 98 to 99, according to a market source.
The loan includes 101 soft call protection for one year, the source said.
The company's $165 million credit facility also provides for a $10 million revolver.
Commitments are due on Feb. 22.
Goldman Sachs & Co. is the lead bank on the deal.
Proceeds will help fund the purchase of a minority interest in the company.
Hamilton Lane is a financial institution that provides discretionary and non-discretionary private equity asset management services.
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