Citadel finalizes $4.04 billion term loan B at par issue price

By Sara Rosenberg

New York, Jan. 11 – Citadel firmed the issue price on its $4.041 billion term loan B due July 2030 at par, the tight end of the 99.875 to par talk, according to a market source.

Pricing on the term loan remained at SOFR plus 225 basis points with no CSA and a 0% floor.

The term loan still has 101 soft call protection for six months and amortization of 1% per annum.

Goldman Sachs Bank USA is the left bookrunner on the deal. BofA Securities is the administrative agent.

Proceeds will be used to reprice an existing $4.041 billion term loan B due 2030 down from SOFR+ARRC CSA plus 250 bps with a 0% floor.

Closing is expected during the week of Jan. 29.

Citadel is a Miami-based market maker in equities, options and fixed-income products.

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