Advisor Group to launch $1.49 billion term loan on Wednesday

By Sara Rosenberg

New York, Jan. 26 – Advisor Group Holdings Inc. will hold a lender call on Wednesday to launch a $1.489 billion first-lien term loan (B2/B-) due July 2026, according to a market source.

UBS Investment Bank is the lead arranger on the deal.

The term loan will have 101 soft call protection for six months, the source said.

Proceeds will be used to reprice an existing term loan from Libor plus 500 basis points with a 0% Libor floor.

Reverence Capital is the sponsor.

Advisor Group is a Phoenix-based network of independent financial advisers.

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