Access CIG lifts term loan to $200 million, finalizes OID at 99.25

By Sara Rosenberg

New York, Jan. 18 – Access CIG LLC upsized its fungible incremental first-lien term loan due Aug. 18, 2028 to $200 million from $125 million and changed the original issue discount to 99.25 from revised talk of 99 and initial talk in the range of 98.5 to 99 talk, 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 were scheduled to be due at 2 p.m. ET on Thursday, the source added.

Proceeds will be used to refinance a portion of the company’s existing second-lien term loan and to add cash to the balance sheet.

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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