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Sterling Talent to launch $155 million incremental loan on Tuesday
By Sara Rosenberg
New York, June 9 – Sterling Talent Solutions will hold a lender call at 10:30 a.m. ET on Tuesday to launch a $155 million incremental first-lien term loan and an amendment and extension of its existing $492 million term loan B, according to a market source.
Goldman Sachs Bank USA, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets and ING are the bookrunners on the deal. KeyBanc is the agent on the deal.
Proceeds from the incremental term loan will be used to repay an outstanding revolving credit facility balance, to repay the existing $140 million second-lien term loan and to pay associated fees and expenses.
Sterling Talent Solutions is a Seattle-based provider of comprehensive employment and background screening services.
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