Quickbase finalizes $415 million first-lien term loan at 99.5 OID

By Sara Rosenberg

New York, March 13 – Quickbase firmed the original issue discount on its $415 million first-lien term loan (B3/B-) at 99.5, the tight end of the 99.05 to 99.5 talk, according to a market source.

Pricing on the term loan remained at SOFR plus 400 basis points with a 0.5% floor.

The term loan has 101 soft call protection for six months.

Golub Capital is the left lead arranger and administrative agent on the deal.

Of the total term loan amount, $152 million is a fungible incremental tranche that will be used to refinance an existing second-lien term loan and the remainder is to extend the company’s existing $263 million first-lien term loan.

Vista Equity Partners is the majority owner of the company, and WCAS is a minority owner.

Quickbase is a Boston-based provider of Platform-as-a-Service application development tools that allow non-technical users to develop and deploy their own highly configurable apps that streamline a variety of day-to-day functions.

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