MHS Holdings tightens OID on $120 million add-on term loan to 99.75

By Sara Rosenberg

New York, June 14 – MHS Holdings Inc. revised the original issue discount on its fungible $120 million add-on term loan B due May 1, 2024 to 99.75 from 99.5, according to a market source.

Pricing on the add-on term loan matches existing term loan pricing at Libor plus 500 basis points with a 1% Libor floor.

The add-on term loan has 101 soft call protection through Nov. 15.

RBC Capital Markets is the left lead arranger and bookrunner on the deal.

Commitments were scheduled to be due at 5 p.m. ET on Thursday, the source added.

Allocations are expected Friday morning.

Proceeds will be used for an acquisition.

Thomas H. Lee Partners LP is the sponsor.

MHS is a Louisville, Ky.-based provider of e-commerce infrastructure.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.