Amynta launches $1.04 billion term loan B at SOFR plus 500 bps

By Sara Rosenberg

New York, Feb. 7 – Amynta launched on Tuesday its $1.04 billion term loan B due Feb 28, 2028 (B-) with price talk of SOFR plus 500 basis points with a 0% floor and an original issue discount of 96.5 to 97, according to a market source.

The term loan has 101 soft call protection for six months and no CSA.

BofA Securities Inc., Barclays, BMO Capital Markets, Deutsche Bank Securities Inc., Jefferies LLC and others to be added are the arrangers on the deal.

Commitments are due at noon ET on Feb. 14, the source added.

Proceeds will be used to repay the company’s first-lien term loans due 2025 and to pay transaction fees and expenses.

Amynta Agency Borrower Inc. and Amynta Warranty Borrower Inc. are the borrowers.

Amynta is a New York-based insurance services company.

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