Consilio readies launch of $1.01 billion term loan for Wednesday

By Sara Rosenberg

New York, April 20 – Consilio (Skipoma Merger Sub Inc.) will hold a lender call at 2 p.m. ET on Wednesday to launch a $1.01 billion seven-year covenant-lite first-lien term loan, according to a market source.

Credit Suisse Securities (USA) LLC, Stone Point, BofA Securities Inc., KKR Capital Markets, Truist, Blackstone and Goldman Sachs Bank USA are the arrangers on the deal.

The first-lien term loan has 101 soft call protection for six months, the source said.

Commitments are due at noon ET on April 30.

The company is also getting a $300 million privately placed second-lien term loan.

Proceeds will be used to help fund the acquisitions of Consilio from GI Partners and Xact Data Discovery from JLL Partners by Stone Point Capital LLC and Aquiline Capital Partners LLC, and merger of the two companies.

Closing is subject to customary conditions, including regulatory approval.

Consilio is a Washington, D.C.-based provider of eDiscovery, document review, risk management and legal consulting services. Xact Data is a Mission, Kan.-based provider of eDiscovery, data management and managed review services.

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