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Alight Solutions revises $1.96 billion term loan B OID to 99.875
By Sara Rosenberg
New York, Jan. 26 – Alight Solutions tightened the original issue discount on its $1.956 billion term loan B due August 2028 to 99.875 from 99.75, according to a market source.
Pricing on the term loan remained at SOFR plus 300 basis points with a 0.5% floor.
The term loan has 101 soft call protection for six months.
BofA Securities Inc. is the left lead bank on the deal.
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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