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AdThrive shops $399 million term loan B at Libor plus 425 bps
By Sara Rosenberg
New York, Oct. 13 – AdThrive (CMI Marketing Inc.) is talking its $399 million senior secured term loan B due 2028 at Libor plus 425 basis points with a 0.5% Libor floor and a par issue price, according to a market source.
Morgan Stanley Senior Funding Inc. is the left lead arranger on the deal that launched with a call on Tuesday.
Proceeds will be used to reprice an existing term loan B down from Libor plus 475 bps with a 0.75% Libor floor.
AdThrive is an ad management firm.
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