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HarbourVest finalizes $499 million term loan B at par issue price
By Sara Rosenberg
New York, Jan. 18 – HarbourVest Partners set the issue price on its $499 million term loan B due April 2030 at par, the tight end of the 99.75 to par talk, according to a market source.
Pricing on the term loan remained at SOFR plus 250 basis points with a 0% floor.
The term loan has 101 soft call protection for six months.
JPMorgan Chase Bank is the lead on the deal.
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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