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Guggenheim Partners sets $808 million term loan at Libor plus 275 bps
By Sara Rosenberg
New York, Oct. 13 – Guggenheim Partners Investment Management Holdings finalized pricing on its $808 million covenant-light term loan at Libor plus 275 basis points, the low end of the Libor plus 275 bps to 300 bps talk, according to a market source.
As before, the loan has a 0.75% Libor floor, an original issue discount of 99.75 and 101 soft call protection for six months.
Bank of America Merrill Lynch and Citigroup Global Markets Inc. are the lead banks on the deal.
Proceeds will be used to amend and extend an existing term loan.
Guggenheim is a financial services firm.
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