Amynta launches $552.5 million term loan B at Libor plus 375-400 bps

By Sara Rosenberg

New York, Oct. 9 – Amynta Group held a lender call at 2:30 p.m. ET on Tuesday to launch a $552.5 million covenant-light first-lien term loan B due Feb. 28, 2025 that is talked at Libor plus 375 basis points to 400 bps with a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

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

Proceeds will be used to reprice an existing term loan B down from Libor plus 450 bps with a 0% Libor floor.

Amynta Group, formerly known as FeeCo, is a team of warranty and specialty risk companies as well as managing general agents.

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