GeoStabilization finalizes $45 million term loan at par issue price

By Sara Rosenberg

New York, April 5 – GeoStabilization International firmed the issue price on its fungible $45 million add-on term loan at par, the tight end of the 99.5 to par talk, 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.

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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