CentralSquare finalizes $60 million add-on term loan at 99.875 OID

By Sara Rosenberg

New York, Nov. 20 – CentralSquare Technologies LLC set the original issue discount on its fungible $60 million add-on term loan (B2) at 99.875, the wide end of the 99.875 to par talk, 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.

Antares Capital, Macquarie Capital (USA) Inc. and SunTrust Robinson Humphrey Inc. are the joint lead arrangers on the deal.

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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