CEB seeks loan amendment to lower pricing, extend maturities

By Sara Rosenberg

New York, June 2 – CEB Inc. is pursuing an amendment to its existing term loan and revolving credit facility (Ba1) to reduce pricing, increase the revolver size and extend the maturity on all of the debt to 2020, according to a news release.

In addition, the company is planning to sell $250 million of senior notes due 2023.

Proceeds from the amended term loans, notes and cash on hand will be used to repay $504.5 million of outstanding term debt.

Following this transaction, the company expects to have about $500.3 million of debt outstanding.

CEB is an Arlington, Va.-based member-based advisory company.

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