OneDigital launches $75 million term loan at Libor plus 475 bps

By Sara Rosenberg

New York, June 11 – OneDigital launched on Thursday its non-fungible $75 million incremental first-lien term loan with price talk of Libor plus 475 basis points with a 1% Libor floor and an original issue discount of 97 to 98, according to a market source.

The term loan has 101 soft call protection for one year, the source said.

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.

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

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