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Ahead Data Blue withdraws $440 million term loan B from market
By Sara Rosenberg
New York, Oct. 2 – Ahead Data Blue pulled its $440 million seven-year term loan B (B2/B) from the primary market, according to a source.
Talk on the term loan was Libor plus 450 basis points to 475 bps with a 0% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.
BofA Securities Inc. and TD Securities (USA) LLC were the lead banks on the deal.
Proceeds were going to be used to help fund the merger of the two Court Square Capital portfolio companies and to pay a dividend.
Ahead is a Chicago-based consulting company that helps enterprises transform how and where they run applications and infrastructure. Data Blue is an Atlanta-based designer and provider of IT infrastructure solutions for large enterprise clients.
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