Colibri to launch $55 million add-on term loan B on Wednesday

By Sara Rosenberg

New York, July 26 – Colibri will hold a lender call at 11 a.m. ET on Wednesday to launch a fungible $55 million add-on term loan B, according to a market source.

RBC Capital Markets is the lead arranger on the deal.

Proceeds will be used to support an acquisition in the education space.

Pricing on the company’s existing $350 million term loan B is Libor plus 500 basis points with a 0.75% Libor floor.

Gridiron Capital is the sponsor.

Colibri is a St. Louis-based provider of online learning solutions for professional education.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.