Consilio firms $370 million incremental term loan at 99 OID

By Sara Rosenberg

New York, Nov. 23 – Consilio (GI Consilio Parent LLC) set the original issue discount on its fungible $370 million incremental first-lien term loan due May 2028 (B2/B-) at 99, the wide end of the 99 to 99.25 talk, 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 for six months.

Credit Suisse Securities (USA) LLC is the left lead arranger on the deal.

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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