Alight launches $1.96 billion term loan B at SOFR plus 300 bps

By Sara Rosenberg

New York, Jan. 19 – Alight Solutions launched on Wednesday its $1.956 billion term loan B due August 2028 with price talk of SOFR plus 300 basis points with a 0.5% floor and an original issue discount of 99.75, according to a market source.

The term loan has 101 soft call protection for six months and no CSA, the source said.

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

Commitments are due at noon ET on Tuesday, the source added.

Proceeds will be used to refinance term loan debt due in 2026.

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

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