Wall Street Systems reveals talk on U.S. and euro term loans

By Sara Rosenberg

New York, Nov. 1 – Wall Street Systems launched on Wednesday its U.S. and euro term loans with price talk of Libor/Euribor plus 325 basis points to 350 bps with a 1% floor and an original issue discount of 99.5, according to a market source.

UBS Investment Bank is the lead bank on the deal.

Proceeds will be used for a dividend recapitalization.

Wall Street Systems is a provider of treasury management, central banking and FX trade processing solutions with U.S. headquarters in New York.

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