Nuveen Investments firms discount on $435 million term loan at 99½

By Sara Rosenberg

New York, Sept. 12 - Nuveen Investments finalized the original issue discount on new money for its $435 million term loan due May 2017 (B2) at 991/2, the tight end of the 99 to 99½ talk, according to a market source.

Existing lenders were offered the loan at par for rollover commitments.

Pricing on the loan is Libor plus 550 basis points with no Libor floor.

There is 101 soft call protection through February 2013.

Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Citigroup Global Markets Inc., RBC Capital Markets LLC, Morgan Stanley Senior Funding Inc., UBS Securities LLC and Wells Fargo Securities LLC are the lead banks on the deal.

Proceeds will be used to refinance existing non-extended debt.

Nuveen is a Chicago-based provider of investment services to institutions as well as individual investors.

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