Help at Home launches $130 million add-on term loan at 97.01 OID

By Sara Rosenberg

New York, March 1 – Help at Home LLC held a lender call at 10 a.m. ET on Wednesday to launch a fungible $130 million add-on term loan due 2027 that is talked with an original issue discount of 97.01, according to a market source.

Pricing on the add-on term loan is SOFR+CSA plus 500 basis points with a 1% floor.

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

Jefferies LLC is the left lead arranger on the deal.

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

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

Help at Home is a Chicago-based provider of home care and support to the elderly and people with disabilities in their homes and community-based settings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.