Omnia talks $160 million add-on first-lien term loan at 99 OID

By Sara Rosenberg

New York, May 7 – Omnia Partners Inc. launched on Tuesday its $160 million add-on first-lien term loan (B2/B) with price talk of Libor plus 375 basis points with a 0% Libor floor and an original issue discount of 99, according to a market source.

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

Barclays, Jefferies LLC and Fifth Third are the bookrunners on the deal.

Commitments are due at 5 p.m. ET on May 14, the source added.

The company is also getting a $46 million pre-placed add-on second-lien term loan (Caa2/CCC+).

Proceeds will be used to fund a distribution to shareholders.

TA Associates is the sponsor.

Omnia is a Franklin, Tenn.-based group purchasing organization.

© 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.