MSX International sets price talk on U.S. and euro term loans

By Sara Rosenberg

New York, Nov. 7 – MSX International launched on Wednesday its up to $100 million term loan B-4 due January 2024 with price talk of Libor plus 425 basis points to 450 bps with a 0% Libor floor and an original issue discount of 99.5, according to a market source.

The company also launched its minimum €454 million term loan B-3 due January 2024 with price talk of Euribor plus 425 bps to 450 bps with a 0% floor and a discount of 99.75, the source said.

Both term loans have 101 soft call protection for six months.

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

Proceeds will be used to amend and restate senior facilities.

Commitments are due at the close of business on Nov. 14.

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

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