Kestra Advisor launches $825 million term loan at SOFR plus 425 bps

By Sara Rosenberg

New York, March 11 – Kestra Advisor Services Holdings A Inc. launched on Monday its $825 million seven-year first-lien term loan with price talk of SOFR plus 425 basis points with a 0% floor and an original issue discount of 99 to 99.5, according to a market source.

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

The company’s $922.5 million of credit facilities (B2/B-) also include a $97.5 million five-year revolver.

UBS Investment Bank is the left lead arranger on the deal.

Commitments are due at noon ET on March 19.

Proceeds will be used to refinance the company’s existing first-lien credit facilities.

Kestra, a Warburg Pincus LLC portfolio company, is an Austin, Tex.-based wealth management platform supporting a broad range of independent financial advisers.

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