Anaren launches $30 million add-on first-lien term loan at 99 OID

By Sara Rosenberg

New York, Aug. 19 – Anaren Inc. launched on Wednesday its fungible $30 million add-on first-lien term loan (B+) with original issue discount talk of 99, according to a market source.

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.

Commitments are due on Friday, the source said.

Jefferies Finance LLC is the lead on the deal.

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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