Advisor Group launches $200 million loan add-on at Libor plus 500 bps

Chicago, Jan. 23 – Advisor Group launched on Thursday its $200 million fungible add-on term loan B (B1/B/B+) due August 2026, according to a market source.

Initial spread talk is Libor plus 500 basis points with a 0% Libor floor.

Talk is for an original issue discount of 99.5.

The loan is expected to have 101 soft call protection, expiring Feb. 1.

The arranger group is being led by UBS.

Commitments are due Jan. 30.

The borrower is a Phoenix-based independent broker-dealer.

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