Consilio launches $370 million incremental term loan at 99-99.25 OID

By Sara Rosenberg

New York, Nov. 15 – Consilio (GI Consilio Parent LLC) launched on Monday its fungible $370 million incremental first-lien term loan due May 2028 (B2/B-) with original issue discount talk of 99 to 99.25, 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, the source said.

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

Commitments are due at 5 p.m. ET on Nov. 23.

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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