Consilio changes $160 million incremental term loan OID to 99.5

By Sara Rosenberg

New York, Sept. 22 – Consilio (GI Consilio Parent LLC) revised the original issue discount on its fungible $160 million incremental first-lien term loan due May 2028 to 99.5 from 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.

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

Recommitments were scheduled to be due at 10:30 a.m. ET on Wednesday, 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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