Amynta launches $150 million term loan at SOFR plus 475-500 bps

By Sara Rosenberg

New York, Nov. 17 – Amynta Group held a lender call at 1 p.m. ET on Thursday to launch a non-fungible $150 million incremental term loan B due February 2025 that is talked at SOFR plus 475 basis points to 500 bps with a 0% floor and an original issue discount of 94 to 95, according to a market source.

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

BofA Securities Inc. is the lead on the deal.

Commitments are due at 5 p.m. ET on Monday, the source added.

Proceeds will be used to repay revolving credit facility borrowings and add cash to the balance sheet.

Amynta Group is a N.Y.-based provider of property, casualty and specialty insurance as well as warranty and protection.

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