Gainwell shops amendment to migrate first-lien term loan to SOFR

By Sara Rosenberg

New York, Jan. 27 – Gainwell Technologies is seeking a negative consent amendment to shift its first-lien term loan to SOFR from Libor, according to a market source.

No CSA is being offered, the source said.

JPMorgan Chase Bank is the lead on the deal.

The amendment deadline is Thursday, the source added.

Gainwell is a provider of solutions to the administration and operations of health and human services programs.

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