ArisGlobal launches $240 million term loan at Libor plus 450-475 bps

By Sara Rosenberg

New York, July 15 – ArisGlobal (Athos Merger Sub LLC) launched on Monday its $240 million seven-year covenant-lite first-lien term loan with price talk of Libor plus 450 basis points to 475 bps with a 0% Libor floor and an original issue discount of 99, according to a market source.

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

The company’s $270 million of credit facilities (B2/B-) also include a $30 million revolver.

Credit Suisse Securities (USA) LLC is the lead arranger on the deal.

Commitments are due at 5 p.m. ET on July 26.

Proceeds will be used to help fund the buyout of the company by Nordic Capital.

ArisGlobal is a Coral Gables, Fla.-based developer of cloud-based software for pharmaceutical and R&D companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.