Alight Solutions firms extended term loan B at Libor plus 325 bps

By Sara Rosenberg

New York, July 31 – Alight Solutions finalized pricing on its extended term loan B due 2026 at Libor plus 325 basis points, the high end of the Libor plus 300 bps to 325 bps talk, according to a market source.

The term loan has a pricing step-down.

As before, the term loan has a 0.5% Libor floor and an original issue discount of 99.5/50 bps extension fee.

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

The transaction is extending the term loan B maturity by two years.

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

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