Hudson River launches $200 million add-on term B at 98.5-98.75 OID

By Sara Rosenberg

New York, July 15 – Hudson River Trading LLC held a lender call on Thursday to launch a fungible $200 million add-on term loan B (BB-) that is talked with an original issue discount of 98.5 to 98.75, according to a market source.

Pricing on the add-on term loan is Libor plus 300 basis points with a 0% Libor floor.

BofA Securities Inc., Goldman Sachs Bank USA and JPMorgan Chase Bank are the leads on the deal.

Commitments are due at noon ET on July 22, the source added.

Proceeds will be used for general corporate purposes.

Hudson River Trading is a New York-based electronic market maker and liquidity provider.

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