Amynta lifts term B to $601.1 million, firms at Libor plus 400 bps

By Sara Rosenberg

New York, Oct. 12 – Amynta Group upsized its covenant-light first-lien term loan B due Feb. 28, 2025 by $50 million to $601.1 million and set pricing at Libor plus 400 basis points, the high end of the Libor plus 375 bps to 400 bps talk, according to a market source.

The $50 million add-on is being offered with an original issue discount of 99.875 and will be put into an acquisition account, the source said.

The remaining amount of the term loan is still offered at par and will be used to reprice an existing term loan B down from Libor plus 450 bps with a 0% Libor floor.

As before, the term loan debt has a 0% Libor floor, 101 soft call protection for six months and amortization of 1% per annum.

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

Allocations are expected on Monday, the source added.

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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