Access CIG sets Thursday lender call for $50 million loan add-on

By Paul A. Harris

Portland, Ore., April 8 – Access CIG, LLC plans to participate in a lender call on Thursday for a proposed $50 million add-on to its first-lien term loan due October 2021 (B1/B), according to a market source.

Deutsche Bank Securities Inc. has the books.

The deal features a 500-basis-points spread to Libor and a 1% Libor floor.

The reoffer price remains to be determined.

The Livermore, Calif.-based company plans to use the proceeds to pay down its revolver and for general corporate purposes including potential tuck-in acquisitions.

The prospective borrower provides records storage, data security, information destruction and electronic document management services.

© 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.