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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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