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Amynta lifts term loan to $1.06 billion, flexes to SOFR plus 425 bps
By Sara Rosenberg
New York, Dec. 15 – Amynta upsized its term loan due February 2028 to $1.062 billion from $1.037 billion, revised price talk to a range of SOFR plus 425 basis points to 450 bps from just SOFR plus 450 bps and then firmed pricing at SOFR plus 425 bps, according to a market source.
The term loan still has a 0% floor, a par issue price, 101 soft call protection for six months and 0 bps CSA.
BofA Securities Inc. is the left lead on the deal.
Proceeds will be used to reprice an existing term loan down from SOFR+10 bps CSA plus 500 bps with a 0% floor.
Amynta is a New York-based insurance services company.
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