GoodRx launches $155 million incremental term loan at 99-99.5 OID

By Sara Rosenberg

New York, Oct. 23 – GoodRx launched on Wednesday its fungible $155 million incremental first-lien term loan due October 2025 with original issue discount talk in the range of 99 to 99.5, according to a market source.

Pricing on the incremental term loan is Libor plus 300 basis points with a step-down to Libor plus 275 bps at 4x net first-lien leverage and a 0% Libor floor, in line with existing term loan pricing.

The incremental term loan has 101 soft call protection for six months, the source said.

Goldman Sachs Bank USA, Barclays, BofA Securities Inc., Credit Suisse Securities (USA) LLC, KKR Capital Markets, Citizens Bank and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Commitments are due at noon ET on Oct. 30, the source added.

Proceeds will be used with cash on hand to refinance an existing second-lien term loan.

GoodRx is a Santa Monica, Calif.-based operator of a prescription drug price comparison and coupon platform.

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