STV Group tightens $45 million add-on term loan OID to 99.5

By Sara Rosenberg

New York, Sept. 20 – STV Group changed the original issue discount on its $45 million add-on term loan to 99.5 from 99, according to a market source.

Pricing on the add-on term loan is Libor plus 525 basis points with a 0% Libor floor.

Macquarie Capital (USA) Inc. is the lead on the deal.

Proceeds will be used to fund an acquisition.

STV is an engineering, architectural, program/construction management, planning and environmental professional services firm with headquarters in New York and Douglassville, Pa.

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