Help at Home ups incremental term loan to $150 million, firms OID

By Sara Rosenberg

New York, Jan. 26 – Help at Home LLC (HAH Group Holding Co. LLC) upsized its fungible 2022-1/2023-1 incremental first-lien term loan due Oct. 29, 2027 to $150 million from $100 million and set the original issue discount at 99.5, the tight end of the 99.25 to 99.5 talk, according to a market source.

Pricing on the incremental term loan is SOFR+CSA plus 500 basis points with a 1% floor, in line with existing term loan pricing.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Jefferies LLC is the lead arranger on the deal.

Recommitments were scheduled to be due at 2 p.m. ET on Friday, the source added.

Proceeds will be used to pay down revolving credit facility borrowings and for general corporate purposes.

Help at Home is a Chicago-based provider of home care services to complex chronic individuals.

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