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OneDigital tightens $165 million incremental term loan OID to 99.75
By Sara Rosenberg
New York, Jan. 15 – OneDigital changed the original issue discount on its fungible $165 million incremental first-lien term loan (B2) to 99.75 from 99.5, according to a market source.
Pricing on the incremental term loan is Libor plus 400 basis points with a 0% Libor floor, in line with existing first-lien term loan pricing.
Golub Capital is the lead on the deal.
Recommitments were scheduled to be due on Wednesday, the source said.
Allocations are expected on Thursday morning.
Proceeds will be used to finance acquisitions.
The company also privately placed a new $75 million delayed-draw first-lien term loan (B2) with Golub Capital and PSP Investments Credit USA LLC.
OneDigital is an Atlanta-based employee benefits insurance broker.
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