Alight Solutions launches term loan B maturity extension

By Sara Rosenberg

New York, July 28 – Alight Solutions launched on its lender call on Tuesday a two-year extension of its term loan B maturity to 2026, according to a market source.

Price talk on the extended term loan is Libor plus 300 basis points to 325 bps with a 0.5% Libor floor, the source said.

Lenders are being offered a 50 bps extension fee.

BofA Securities Inc. is the lead bank on the deal.

The extension is being done in connection with an expected paydown on the term loan B. Last week, the company priced senior notes and will use proceeds from that offering for general corporate purposes, which are to include repayment of some term loan borrowings.

Alight is a Lincolnshire, Ill.-based provider of integrated, cloud-based human capital solutions.

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