System One to launch $65 million add-on term loan B on Monday

By Sara Rosenberg

New York, Nov. 9 – System One is scheduled to hold a lender call at 11 a.m. ET on Monday to launch a fungible $65 million add-on covenant-lite term loan B due March 2028, according to a market source.

Truist Securities is the lead arranger on the deal.

Proceeds will be used to fund an acquisition.

System One, an Oaktree Capital Management portfolio company, is a Pittsburgh-based provider of specialized workforce solutions and integrated services.

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