MSX International to launch €85 million add-on term B on Tuesday

By Sara Rosenberg

New York, Jan. 5 – MSX International is scheduled to hold a lender presentation on Tuesday to launch an €85 million add-on first-lien term loan B due January 2024, according to a market source.

HSBC and Nomura are the bookrunners on the deal. RBC is the agent.

Pricing on the loan is Euribor plus 550 basis points with a 0% floor, the source said.

Original issue discount talk has not yet been announced.

The term loan will include 101 soft call protection for six months.

Commitments are due on Jan. 23, the source added.

Proceeds will be used to fund an acquisition and pay related fees and expenses.

MSX, a Bain Capital portfolio company, is a business process outsourcing company.

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