Mariner launches $175 million of term loans at SOFR plus 325 bps

By Sara Rosenberg

New York, April 19 – Mariner Wealth Advisors launched on Tuesday its fungible $175 million of term loans with price talk of SOFR plus 325 basis points with a 0.5% floor and an original issue discount of 98.56 to 99, according to a market source.

The debt consists of a $125 million term loan and a $50 million delayed-draw term loan.

BMO Capital Markets, RBC Capital Markets and UBS Investment Bank are the leads on the deal.

Commitments are due at 2 p.m. ET on April 25, the source added.

Proceeds will be used to fund near-term acquisitions.

Mariner Wealth Advisors is an investment adviser.

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