Output Services wraps $100 million add-on term loans at 99.5 OID

By Sara Rosenberg

New York, Sept. 20 – Output Services Group Inc. (OSG Billing Services) completed syndication of its fungible $50 million add-on term loan B due 2024 and $50 million delayed-draw term loan at pricing of Libor plus 425 basis points with a 1% Libor floor and an original issue discount of 99.5, according to a market source.

SunTrust Robinson Humphrey Inc. is the lead bank on the deal.

Proceeds will be used for acquisitions.

Output Services is a Ridgefield Park, N.J.-based provider of billing and customer communications services.

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