OneDigital finalizes $75 million incremental term loan at 97 OID

By Sara Rosenberg

New York, June 19 – OneDigital firmed the original issue discount on its non-fungible $75 million incremental first-lien term loan (B) at 97, the wide end of the 97 to 98 talk, according to a market source.

Pricing on the term loan was unchanged at Libor plus 475 basis points with a 1% Libor floor.

As before, the term loan has 101 soft call protection for one year.

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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