Commitments due Friday for Quest Software $330 million loan add-on

By Paul A. Harris

Portland, Ore., Sept. 16 – Commitments are due at 11 a.m. ET on Friday for the Quest Software’s $330 million add-on term loan B due May 2025 (B2/B), according to a market source.

The loan features a 425 basis points spread to Libor with no Libor floor.

Price talk is 99.27.

The add-on term loan has amortization of 1% per annum.

Goldman Sachs Bank USA is the lead arranger on the deal.

Proceeds will be used to support the acquisition of OneLogin.

Quest Software is an Aliso Viejo, Calif.-based provider of integrated infrastructure software for managing systems, data and applications.

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