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Alight Solutions launches $90 million term loan B at 99.5-99.75 OID
By Sara Rosenberg
New York, Nov. 12 – Alight Solutions launched a $90 million incremental term loan B with original issue discount talk of 99.5 to 99.75, according to a market source.
Pricing on the incremental term loan is Libor plus 300 basis points with a 0% Libor floor.
BofA Securities Inc. is the lead bank on the deal.
Proceeds will be used to fund an acquisition.
Alight Solutions is a Lincolnshire, Ill.-based provider of benefits outsourcing services plans.
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