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Consilio launches $160 million incremental term loan at 99 OID
By Sara Rosenberg
New York, Sept. 15 – Consilio (GI Consilio Parent LLC) launched on Wednesday its fungible $160 million incremental first-lien term loan due May 2028 with original issue discount talk of 99, according to a market source.
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.
Expected ratings on the incremental term loan are B2/B-.
Credit Suisse Securities (USA) LLC and Stone Point are the arrangers on the deal.
Commitments are due at 5 p.m. ET on Sept. 22.
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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