WCG Purchaser launches $200 million term loan at 99-99.5 OID

By Sara Rosenberg

New York, Dec. 8 – WCG Purchaser Corp. launched on Wednesday its fungible $200 million incremental first-lien term loan due Jan. 8, 2027 with original issue discount talk 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, which matches existing term loan pricing.

Barclays is the left lead on the deal and the administrative agent.

Commitments are due at noon ET on Dec. 15, the source added.

Proceeds will be used to repay revolving credit facility borrowings, fund cash to the balance sheet, and pay fees, expenses and original issue discount.

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

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