ArchKey to launch $100 million delayed-draw term loan on Monday

By Sara Rosenberg

New York, Nov. 3 – ArchKey Holdings Inc. is set to hold a lender call at 11 a.m. ET on Monday to launch a $100 million delayed-draw term loan due June 29, 2028, according to a market source.

Deutsche Bank Securities Inc. is the left lead bookrunner on the deal.

Pricing on the delayed-draw term loan is SOFR+CSA plus 525 basis points with a 0.75% floor, in line with existing term loan pricing.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Original issue discount talk on the delayed-draw term loan is not yet available, the source said.

Commitments are due at 2 p.m. ET on Thursday, the source added.

Proceeds will be used to fund a distribution to equity holders.

ArchKey is a St. Louis-based electrical and technologies service provider.

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