Guidehouse launches incremental, repricing at Libor plus 400 bps

By Sara Rosenberg

New York, Jan. 27 – Guidehouse launched on Wednesday its fungible $305 million incremental first-lien term loan and a repricing of its existing $939 million first-lien term loan with price talk of Libor plus 400 basis points with a 0% Libor floor, according to a market source.

The incremental term loan is talked with an original issue discount of 99.5 to 99.75, and the repricing is talked at par, the source said.

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

RBC Capital Markets is the lead on the deal.

Commitments are due at noon ET on Feb. 3, the source added.

Proceeds from the incremental term loan will be used to repay second-lien term loan borrowings, and the repricing will take the existing first-lien term loan down from Libor plus 450 bps with a 0% Libor floor.

Guidehouse is a provider of management consulting services to government clients.

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