WCG Purchaser changes $200 million term loan OID to 99.75

By Sara Rosenberg

New York, June 22 – WCG Purchaser Corp. revised the original issue discount on its fungible $200 million incremental first-lien term loan due Jan. 8, 2027 to 99.75 from talk in the range of 99 to 99.5, according to a market source.

Pricing on the incremental term loan is Libor plus 400 basis points with a 1% Libor floor.

Barclays, Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., BofA Securities Inc., Jefferies LLC, BMO Capital Markets, UBS Investment Bank, HSBC Securities (USA) Inc. and Golub are the bookrunners on the deal. Barclays is the administrative agent.

Commitments were scheduled to be due at 5 p.m. ET on Tuesday, the source added.

Proceeds will be used to fund an acquisition.

WCG is Princeton, N.J.-based provider of clinical trial optimization solutions.

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