Ascend Learning fills out $40 million incremental term loan

By Sara Rosenberg

New York, Nov. 17 - Ascend Learning has syndicated a $40 million term loan add-on at pricing of Libor plus 550 basis points with a 1.5% Libor floor and an original issue discount of 97, according to a market source.

GE Capital Markets is the lead bank on the deal that launched last week.

Proceeds will be used for acquisition financing.

Ascend Learning is a Stilwell, Kan.-based provider of technology-based learning services focused on student training and testing results in health care and other vocational fields.

© 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.