Alight Solutions launches $450 million term loan at 99.25-99.5 OID

By Sara Rosenberg

New York, Aug. 12 – Alight Solutions held a lender call at 11 a.m. ET on Thursday to launch a fungible $450 million add-on term loan B that is talked with an original issue discount of 99.25 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 325 basis points with a 0.5% Libor floor, in line with existing term loan pricing.

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

Commitments are due on Wednesday, the source added.

Proceeds will be used to fund an acquisition and add cash to the balance sheet.

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

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