Access CIG finalizes $1.13 billion term loan at 97.5 OID

By Sara Rosenberg

New York, Aug. 15 – Access CIG LLC firmed the original issue discount on its $1.125 billion five-year first-lien term loan (B2/B) at 97.5, the tight end of the 97 to 97.5 talk, according to a market source.

Pricing on the term loan remained at SOFR plus 500 basis points with a 0.5% floor.

The term loan still 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.

Recommitments were scheduled to be due at 10:30 a.m. ET on Tuesday, 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.

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