Alight Solutions lifts term B to $105 million, revises OID to 99.875

By Sara Rosenberg

New York, Nov. 14 – Alight Solutions upsized its incremental term loan B to $105 million from $90 million and tightened the original issue discount to 99.875 from talk in the range 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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