HarbourVest launches $499 million term loan B at SOFR plus 250 bps

By Sara Rosenberg

New York, Jan. 10 – HarbourVest Partners held a lender call at 11 a.m. ET on Wednesday to launch a $499 million term loan B due April 2030 that is talked at SOFR plus 250 basis points with a 0% floor and an original issue discount of 99.75 to par, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Jan. 17, the source added.

Proceeds will be used to reprice an existing term loan B down from SOFR plus 300 bps with a 0% floor.

HarbourVest is a private markets firm.

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