Bomgar launches $240 million term loan at Libor plus 375-400 bps

By Sara Rosenberg

New York, April 4 – Bomgar Corp. launched on Wednesday its $240 million seven-year first-lien term loan with price talk of Libor plus 375 basis points to 400 bps with a 0% Libor floor and an original issue discount of 99.5, according to a market source.

The first-lien term loan has 101 soft call protection for six months.

Commitments are due on April 16, the source said.

The company’s $360 million of credit facilities also include a $25 million revolver and a $95 million privately placed eight-year second-lien term loan.

Call protection on the second-lien term loan is 102 in year one and 101 in year two.

Jefferies LLC and Golub are the lead arrangers on the deal.

Proceeds will be used to help fund the buyout of the company by Francisco Partners.

Bomgar is a Ridgeland, Miss., provider of remote support and privileged access management solutions to enterprise customers.

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