Aptean gets $60 million incremental first-lien term loan

By Sara Rosenberg

New York, Nov. 3 – Aptean got a fungible $60 million incremental first-lien term loan (B2/B-) priced at Libor plus 425 basis points with a 0% Libor floor, according to a market source.

The original issue discount on the incremental term loan is not being disclosed.

Golub Capital acted as the left lead arranger on the deal and is the administrative agent.

Proceeds will be used for recent and upcoming acquisitions.

Pro forma for the transaction, the first-lien term loan totals $1.023 billion.

Aptean is an Alpharetta, Ga.-based provider of mission-critical enterprise software solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.