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Constellis launches $27.5 million incremental loan at 98 to 98.5
By Paul A. Harris
Portland, Ore., June 23 – Constellis Holdings LLC launched a $27.5 million Libor plus 500 basis points incremental first lien term loan due April 2024 (B2/B+) on Friday, according to a market source.
Price talk is 98 to 98.5.
The loan has 101 soft call protection through April 2018.
The maturity, spread and call protection are unchanged from the original loan, as is the 1% Libor floor.
Credit Suisse is the lead.
The Reston, Va., provider of operational support and risk management services to government and commercial clients plans to use the proceeds to fund a tuck-in acquisition.
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