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Hudson River Trading to launch $250 million term loan B on Thursday
By Sara Rosenberg
New York, March 7 – Hudson River Trading LLC is scheduled to hold a bank meeting on Thursday to launch a $250 million senior secured term loan B (BB-), according to a market source.
JPMorgan Chase Bank is the lead on the deal.
Price talk on the term loan is Libor plus 425 basis points to 450 bps with a 0% Libor floor and an original issue discount of 99, the source said.
The loan includes 101 soft call protection for six months.
Proceeds will be used to fund acquisition activity.
Hudson River is a New York-based multi-asset class quantitative trading firm.
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