Kroll to launch $225 million incremental term loan on Thursday

By Sara Rosenberg

New York, April 6 – Kroll is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $225 million incremental first-lien term loan, according to a market source.

Stone Point Capital Markets is the lead on the deal. Goldman Sachs is the administrative agent.

Proceeds will be used to repay revolving credit facility borrowings and add cash to the balance sheet.

In addition, the company will be seeking an amendment to its existing term loan due April 2027 to move pricing to SOFR. The loan is currently priced at Libor plus 375 basis points with a 1% Libor floor.

Kroll, previously known as Duff & Phelps, is a New York-based provider of data, technology and insights for risk, governance and growth.

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