Consilio launches $150 million incremental loan at 99.25-99.5 OID

By Sara Rosenberg

New York, Oct. 9 – Consilio launched on its lender call on Tuesday a fungible $150 million incremental term loan that is talked at Libor plus 500 basis points with a 1% Libor floor and an original issue discount of 99.25 to 99.5, according to a market source.

The term loan has 101 soft call protection until April 2019.

Jefferies LLC is the lead bank on the deal.

Commitments are due on Oct. 16, the source said.

Proceeds will be used for mergers and acquisitions.

Consilio is a provider of eDiscovery, document review and legal consulting services.

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