Access CIG launches $60 million first-lien add-on loan at 99 OID

By Sara Rosenberg

New York, Nov. 17 – Access CIG LLC launched on Tuesday its $60 million add-on first-lien covenant-light term loan due October 2021 with original issue discount talk of 99, according to a market source.

Pricing on the loan is Libor plus 500 basis points with a 1% Libor floor.

The debt has 101 soft call protection for six months.

Commitments are due on Nov. 24, the source added.

Deutsche Bank Securities Inc., Goldman Sachs Bank USA and Bank of America Merrill Lynch are the bookrunners on the deal.

Proceeds will be used for acquisition financing.

Access CIG is a Livermore, Calif.-based provider of records and information management services.

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