Anaren to launch $25 million add-on first-lien term loan on Wednesday

By Sara Rosenberg

New York, Aug. 18 – Anaren Inc. is scheduled to hold a lender call on Wednesday morning to launch a fungible $25 million add-on first-lien term loan, according to a market source.

Jefferies Finance LLC is the lead on the deal.

Pricing on the add-on term loan is Libor plus 450 basis points with a 1% Libor floor, in line with existing term loan pricing.

Original issue discount talk on the add-on loan is not yet available.

Proceeds will be used to fund an acquisition.

Anaren is a Syracuse, N.Y.-based designer, developer, manufacturer and seller of integrated microwave components, assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets.

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