Orion Advisor gets $85 million incremental first-lien term loan

By Sara Rosenberg

New York, June 9– Orion Advisor Solutions completed a fungible $85 million incremental first-lien term loan (B2/B-/BB-) priced at Libor plus 375 basis points with a 0.75% Libor floor, according to a market source.

Original issue discount on the incremental term loan is not being disclosed.

Golub acted as the left lead arranger on the deal. Credit Suisse is the administrative agent.

Proceeds were used to fund two acquisitions.

Pro forma for the transaction, the first-lien term loan totals $927 million.

Orion is a provider of a tech-enabled fiduciary solutions that support financial advisers.

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