Access CIG talks $150 million incremental term loan at 99.25 area OID

By Sara Rosenberg

New York, July 22 – Access CIG LLC launched on Monday its fungible $150 million incremental first-lien term loan (B2/B) due February 2025 with original issue discount talk in the 99.25 area, according to a market source.

Pricing on the add-on term loan is Libor plus 375 basis points with a 0% Libor floor, in line with existing term loan pricing.

The add-on term loan has 101 soft call protection for six months.

The company is also getting a fungible $50 million incremental first-lien delayed-draw term loan (B2/B) that has been privately placed.

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

Proceeds will be used to fund 13 immediately actionable acquisitions under letters of intent.

Commitments are due at 4 p.m. ET on Friday.

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

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