Aptos launches $83 million incremental term loan B at 98.5 OID

By Sara Rosenberg

New York, Aug. 3 – Aptos Inc. launched on Thursday its $83 million incremental term loan B with price talk of Libor plus 675 basis points with a 1% Libor floor and an original issue discount of 98.5, according to a market source.

The spread and floor on the incremental loan match existing term loan B pricing.

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

Proceeds will be used to fund the acquisition of TXT Retail.

Commitments are due on Aug. 15, the source added.

Aptos is an Atlanta-based retail technology solutions company.

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