Sirius Computer tightens OID on $337 million incremental term loan

New York, Oct. 12 – Sirius Computer Solutions Inc. narrowed the original issue discount on its fungible $337 million incremental first-lien term loan due Oct. 30, 2022 (B1/B) to 99.75 from 99.5, according to a market source.

Pricing on the incremental term loan is Libor plus 425 basis points with a 1% Libor floor, in line with existing term loan pricing.

The first-lien term loan is getting reset 101 soft call protection for six months.

Credit Suisse Securities (USA) LLC, Barclays and Citigroup Global Markets Inc. are the bookrunners on the deal.

Commitments are due on Oct. 13, the source added.

Proceeds will be used to fund the acquisition of Forsythe Technology Inc.

Closing is expected in the fourth quarter, subject to regulatory approval.

Sirius is a San Antonio-based provider of data center-focused technology integration services. Forsythe is a Skokie, Ill.-based enterprise IT solutions provider.

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