MediaOcean talks $90 million add-on term loan B at 99.75 OID

By Sara Rosenberg

New York, Sept. 25 – MediaOcean LLC launched a fungible $90 million add-on term loan B (B3) due August 2022 with price talk of Libor plus 425 basis points with a 1% Libor floor and an original issue discount of 99.75, according to a market source.

Macquarie Capital (USA) Inc. and Golub are the leads on the deal.

Commitments are due on Friday, the source said.

Proceeds will be used to refinance second-lien term loan debt.

MediaOcean is a New York-based software company for the advertising sector.

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