Genesys launches U.S. and euro term loan B repricing to investors

By Sara Rosenberg

New York, June 22 – Genesys held a lender call on Thursday to launch a repricing of its $1,573,000,000 term loan B and its €528 million term loan B, according to a market source.

The repricing is talked at Libor/Euribor plus 325 basis points to 350 bps with a 0% floor and a par issue price, the source said.

Included in the repriced loans is 101 soft call protection for six months.

Bank of America Merrill Lynch, Goldman Sachs Bank USA, Citigroup Global Markets Inc. and RBC Capital Markets LLC are the lead banks on the deal.

The repricing will take the loans down from Libor/Euribor plus 400 bps with a 1% floor.

Commitments are due at 5 p.m. ET on Wednesday, the source added.

Genesys is a Daly City, Calif.-based provider of omnichannel customer experience and contact center solutions.

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