GeoStabilization talks $45 million add-on term loan at 99.5-par OID

By Sara Rosenberg

New York, April 2 – GeoStabilization International launched on Tuesday its fungible $45 million add-on term loan with original issue discount talk of 99.5 to par, according to a market source.

Pricing on the add-on term loan is SOFR plus 525 basis points with a 0% floor.

KKR Capital Markets and UBS Investment Bank are the leads on the deal.

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

Proceeds will be used for acquisition financing.

GeoStabilization is a provider of highly specialized, mission-critical, and non-discretionary geohazard mitigation solutions.

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