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SolarWinds to launch $1.19 billion term loan B on Monday
By Sara Rosenberg
New York, Jan. 5 – SolarWinds Inc. will hold a lender call at 11 a.m. ET on Monday to launch a $1.1857 billion term loan B, according to a market source.
JPMorgan Chase Bank is the lead on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 10 a.m. ET on Jan. 12.
Proceeds will be used to reprice an existing term loan due February 2027 from SOFR plus 400 basis points with a 0% floor. The loan is currently sized at $1.2357 but will be paid down by $50 million in connection with the repricing.
SolarWinds is an Austin, Tex.-based provider of IT network and systems infrastructure management software.
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