MSX International talks €85 million add-on term B at par issue price

By Sara Rosenberg

New York, Jan. 9 – MSX International launched with a lender presentation on Tuesday its €85 million add-on first-lien term loan B due January 2024 with talk of a par issue price, according to a market source.

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

The add-on loan includes 101 soft call protection for six months.

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

Commitments are due on Jan. 23.

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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