Access CIG to launch $75 million incremental term loan on Monday

By Sara Rosenberg

New York, Nov. 5 – Access CIG LLC is scheduled to hold a lender call at 2 p.m. ET on Monday to launch a fungible $75 million incremental first-lien term loan due Feb. 27, 2025, according to a market source.

Jefferies LLC, Macquarie Capital (USA) Inc., Nomura and Golub are the arrangers on the deal.

Pricing on the incremental term loan is Libor plus 375 basis points with a 0% Libor floor.

Original issue discount talk on the incremental term loan is 99.27, the source said.

The incremental and existing first-lien term loans are getting 101 soft call protection for six months.

Commitments are due at noon ET on Nov. 15, the source added.

Proceeds will be used to fund cash to the balance sheet to be used for acquisitions.

Pro forma for the transaction, the first-lien term loan will total about $1,024,200,000.

In addition, the company is seeking an amendment to extend its existing revolving credit facility to Nov. 28, 2024.

Access CIG is a Livermore, Calif.-based provider of physical and digital records and information management services.

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