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CentralSquare launches $60 million add-on loan at 99.875-par OID
By Sara Rosenberg
New York, Nov. 15 – CentralSquare Technologies LLC launched on Thursday its fungible $60 million add-on term loan with original issue discount talk of 99.875 to par, according to a market source.
Pricing on the add-on term loan is Libor plus 375 basis points with a 0% Libor floor, in line with pricing on the company’s existing $895 million term loan, the source said.
Antares Capital, Macquarie Capital (USA) Inc. and SunTrust Robinson Humphrey Inc. are the joint lead arrangers on the deal.
Commitments are due at 5 p.m. ET on Monday, the source added.
Proceeds will be used to finance an acquisition and provide additional cash to the balance sheet.
CentralSquare was formed in September by Bain Capital and Vista Equity Partners via the combination of Tritech Software Systems, Superion and the public sector business of Aptean Software.
The company is a provider of public safety and public administration software.
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