Sutherland sets Thursday lender call for $50 million incremental loan

By Paul A. Harris

Portland, Ore., April 13 – Sutherland Global Services, Inc. will participate in a lender call scheduled to get underway at 10 a.m. ET on Thursday, according to a syndicate source.

The business outsourcing services provider is in the market with a $50 million fungible incremental first-lien term loan due April 2021.

Pricing features a 537.5 basis points spread to Libor atop a 1% Libor floor at 97.

The loan features 101 soft call protection for 12 months.

Commitments are due at 5 p.m. ET on April 20.

Credit Suisse Securities (USA) LLC is the lead.

Proceeds will be used to repay bank debt.

Sutherland is a Rochester, N.Y.-based provider of business process and technology management services.

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