Access CIG launches $125 million incremental term loan at 98.5-99 OID

By Sara Rosenberg

New York, Jan. 11 – Access CIG LLC launched on Thursday its fungible $125 million incremental first-lien term loan due Aug. 18, 2028 with original issue discount talk of 98.5 to 99, according to a market source.

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

The incremental term loan has 101 soft call protection through Feb. 18, which matches the existing term loan.

Jefferies LLC is the lead arranger on the deal.

Commitments are due at noon ET on Jan. 18.

Proceeds will be used to refinance a portion of the company’s existing second-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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