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Ahead DB revises price talk on $613 million term loan to 99.75
By Paul A. Harris
Portland, Ore., April 23 – Ahead DB Holdings LLC came with revised – tight to spread talk, rich to price talk – guidance on its $613 million first-lien term loan due February 2031 (B1/B) to 99.75, rich to earlier talk of 99.5 to 99.75, according to a market source.
Spread talk remains at SOFR plus 375 basis points with a 0.75% floor.
Commitments were due on Tuesday.
The term loan has 101 soft call protection until Aug. 1 and amortization of 1% per annum, the source said.
RBC Capital Markets is the left lead arranger on the deal.
Commitments are due at noon ET on Tuesday.
Proceeds will be used to extend an existing first-lien term loan-1 from October 2027 to be co-terminous with an existing first-lien term loan-2.
Berkshire Partners and Centerbridge Partners are the sponsors.
Ahead DB is a Chicago-based IT solutions provider of enterprise hardware and software.
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