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Published on 2/6/2023 in the Prospect News Bank Loan Daily.

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

By Sara Rosenberg

New York, Feb. 6 – Gainwell Technologies withdrew plans for a negative consent amendment to shift its first-lien term loan to SOFR from Libor, according to a market source.

No CSA was being offered.

JPMorgan Chase Bank was the lead on the deal.

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


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