Ahead DB finalizes $613 million first-lien loan at SOFR plus 375 bps at 99.75 OID

By Paul A. Harris

Portland, Ore., April 23 – Ahead DB Holdings LLC priced its $613 million first-lien term loan due February 2031 (B1/B) with a 375 basis points spread to SOFR atop a 0.75% floor at an original issue discount of 99.75, and the deal allocated on Tuesday, according to a market source.

The spread and price came on top of final talk. Earlier price talk was 99.5 to 99.75.

The term loan has 101 soft call protection until Aug. 1 and amortization of 1% per annum, the source said.

RBC Capital Markets was the left lead arranger on the deal.

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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