Liaison readies launch of $300 million term loan for Wednesday

By Sara Rosenberg

New York, Feb. 23 – Liaison (LI Group Holdings Inc.) is scheduled to hold a lender call at 11:30 a.m. ET on Wednesday to launch a $300 million seven-year covenant-lite first-lien term loan (B2/B), according to a market source.

Credit Suisse Securities (USA) LLC and UBS Investment Bank are the lead arrangers on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to refinance an existing term loan and for general corporate purposes.

Commitments are due at 5 p.m. ET on March 3, the source added.

Liaison is an admission management software provider for higher education.

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