OneDigital to launch $75 million incremental term loan on Thursday

By Sara Rosenberg

New York, June 10 – OneDigital is set to launch a syndication process at 1 p.m. ET on Thursday for a non-fungible $75 million incremental first-lien term loan, according to a market source.

Golub Capital is the lead arranger and bookrunner on the deal.

Proceeds will be used to finance upcoming acquisitions.

In addition, the company has privately placed a non-fungible $25 million first-lien delayed-draw term loan with Golub.

The delayed-draw term loan will be fungible with the new term loan as it is drawn, the source added.

OneDigital, a New Mountain Capital portfolio company, is an Atlanta-based employee benefits insurance broker.

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