Aptos wraps $300 million term loan B at Libor plus 550 bps

By Sara Rosenberg

New York, Feb. 26 – Aptos Inc. set final terms on its $300 million seven-year first-lien term loan B (B3/B-) at Libor plus 550 basis points with a 0% Libor floor and an original issue discount of 96, according to a market source.

The term loan has 101 soft call protection for one year and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA, ING and KeyBanc Capital Markets are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Goldman Sachs Merchant Banking Division from Apax Partners.

Aptos is an Atlanta-based provider of omnichannel retail software solutions to tier 1 through tier 4 retail companies.

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