Netsmart places $130 million incremental first-lien term loan

By Sara Rosenberg

New York, Oct. 3 – Netsmart Technologies Inc. privately placed a fungible $130 million incremental first-lien term loan (B3/B-) with Golub Capital, according to a market source.

Pricing on the incremental term loan is SOFR+CSA plus 400 basis points with a 0.75% floor.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Proceeds are being used for a tuck-in acquisition.

Pro forma for the transaction, the first-lien term loan totals $1,270,700,000.

Netsmart is an Overland Park, Kan.-based provider of software and technology solutions to the human services and post-acute care market.

© 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.