Consilio to launch $160 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Sept. 14 – Consilio (GI Consilio Parent LLC) is set to hold a lender call at 3 p.m. ET on Wednesday to launch a fungible $160 million incremental first-lien term loan due May 2028, according to a market source.

Credit Suisse Securities (USA) LLC and Stone Point are the arrangers on the deal.

Pricing on the incremental term loan is Libor plus 400 basis points with a 0.5% Libor floor, in line with existing first-lien term loan pricing.

The incremental term loan has 101 soft call protection through November 2021.

Original issue discount talk on the incremental term loan is not yet available.

Expected ratings on the incremental term loan are B2/B-.

Commitments are due at 5 p.m. ET on Sept. 22, the source added.

Proceeds will be used to fund a tuck-in acquisition.

Consilio is a Washington, D.C.-based provider of eDiscovery and document review solutions.

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