SourceCorp holding company marketing second-lien term loan

By Paul A. Harris

St. Louis, Feb. 13 - SourceCorp Inc. (holding co.) launched a second-lien term loan on Monday, according to a market source.

Bank of America is leading the deal.

The loan will be non-callable for six months and will become callable at par for the following six months.

The loan will also feature 50 basis point interest rate step-ups after the first and second years.

Proceeds will be used to fund a dividend.

SourceCorp. is a Dallas-based information management outsourcing company.

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