| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for OpenLink International Inc. > News item |
OpenLink finalizes $333 million term loan at Libor plus 500 bps
By Sara Rosenberg
New York, Feb. 19 - OpenLink International Inc. set pricing on its $333.2 million first-lien covenant-light term loan due October 2017 at Libor plus 500 basis points, the low end of the Libor plus 500 bps to 525 bps talk, according to a market source.
As before, the term loan has a 1.25% Libor floor, a par offer price and 101 soft call protection for six months.
Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC are the lead banks on the deal.
Proceeds will be used to reprice an existing term loan from Libor plus 625 bps with a 1.5% Libor floor.
OpenLink is a Uniondale, N.Y.-based provider of cross-asset trading, risk management and operations processing software services.
© 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.