Access CIG launches $125 million term loan at 99.25-99.5 OID

By Sara Rosenberg

New York, March 7 – Access CIG LLC launched on Thursday a fungible $125 million incremental first-lien term loan due Aug. 18, 2028 with original issue discount talk of 99.25 to 99.5, according to a market source.

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

The incremental and existing first-lien term loan are getting 101 soft call protection for one year, the source said.

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

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

Proceeds will be used to repay in full the company’s existing second-lien term loan.

Pro forma for the transaction, the first-lien term loan will total about $1.447 billion.

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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