MeridianLink/CRIF reveals talk on $350 million credit facilities

By Sara Rosenberg

New York, June 14 – MeridianLink Inc./CRIF Lending Solutions released price talk on its $350 million of first-lien credit facilities (B) with its bank meeting on Thursday, according to a market source.

The $35 million five-year revolver is talked at Libor plus 325 basis points with a 0% Libor floor, and the $315 million seven-year covenant-light first-lien term loan is talked at Libor plus 350 bps with a 1% Libor floor and an original issue discount of 99.5, the source said.

Included in the first-lien term loan is 101 soft call protection for six months.

Commitments are due on June 26.

Antares Capital and Golub Capital are the joint lead arrangers on the deal.

The company is also getting a $125 million eight-year privately placed second-lien term loan, the source added.

Proceeds will be used to help fund the buyout of MeridianLink and CRIF by Thoma Bravo LLC.

Costa Mesa, Calif.-based MeridianLink and Atlanta-based CRIF provide mission-critical software platforms that allow financial institutions to automate loan and deposit origination workflows, improve loan decisioning and access data services providers.

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