Clario shops amendment to transition term loan to SOFR pricing

By Sara Rosenberg

New York, April 10 – Clario is seeking a negative consent amendment to shift its first-lien term loan to SOFR from Libor and add a credit spread adjustment, according to a market source.

The CSA that would be added is 10 basis points one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Goldman Sachs Bank USA is the lead on the deal.

The amendment deadline is Friday, the source added.

Clario, formerly known as eResearchTechnology Inc., is a health care research and technology company.

© 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.