HelpSystems gets $36 million incremental first-lien term loan

By Sara Rosenberg

New York, Dec. 24 – HelpSystems (HS Purchaser LLC) closed on a fungible $36 million incremental first-lien term loan priced at Libor plus 475 basis points with a 1% Libor floor, according to a market source.

The incremental term loan has 101 soft call protection through June 2021, the source said.

Golub Capital acted as the left lead arranger on the incremental term loan. Jefferies LLC is the administrative agent.

Proceeds were used to help fund an acquisition.

Pro forma for the transaction, the first-lien term loan tranche totals $1.1 billion.

HelpSystems, a portfolio company of TA Associates, HGGC and Charlesbank, is an Eden Prairie, Minn.-based provider of IT operations management and monitoring, cybersecurity and business intelligence software.

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