Access CIG launches $1.13 billion term loan at SOFR plus 500 bps

By Sara Rosenberg

New York, Aug. 1 – Access CIG LLC launched on Tuesday its $1.125 billion five-year first-lien term loan (B2/B) with price talk of SOFR plus 500 basis points with a 0.5% floor and an original issue discount of 97 to 97.5, according to a market source.

The term loan has 101 soft call protection for six months and a springing maturity ahead of the company’s existing second-lien term loan.

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

Commitments are due at noon ET on Aug. 14, the source added.

Proceeds will be used with a new revolving credit facility to refinance the company’s existing revolver and first-lien term loan.

Access CIG is a Livermore, Calif.-based provider of records and information management solutions for highly regulated industries including health care, financial services, law, consumer, and materials & industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.