CommerceHub gets $50 million incremental first-lien term loan

By Sara Rosenberg

New York, Nov. 12 – CommerceHub Inc. obtained a fungible $50 million incremental first-lien term loan, according to a market source.

Golub Capital acted as the left lead arranger on the deal.

Pricing on the incremental term loan is Libor plus 375 basis points with a 25 bps leverage-based step-down and a 0% Libor floor, the source said.

Proceeds were used to help fund an acquisition.

Pro forma for the transaction, the first-lien term loan is sized at $348 million.

CommerceHub is an Albany, N.Y.-based provider of cloud-based e-commerce fulfillment and marketing solutions for large retailers, marketplaces, consumer brands and their suppliers.

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