Monotype Imaging launches term loan amendment to shift to SOFR

By Sara Rosenberg

New York, Dec. 16 – Monotype Imaging Holdings Inc. launched on Friday an amendment to its $483 million first-lien term loan B due October 2026 to transition to SOFR from Libor, according to a market source.

Under the amendment, pricing on the term loan B will shift to SOFR+10 basis points CSA plus 500 bps from Libor plus 500 bps, the source said.

Negative consent for the amendment is required by 9 a.m. ET on Dec. 23.

Deutsche Bank Securities Inc. is leading the deal.

Monotype is a Woburn, Mass.-based provider of software-enabled font content and IP licensing for enterprise and creative customers.

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