| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AlixPartners LLP > News item |
AlixPartners reveals price talk on $1.78 billion, €344 million loans
By Sara Rosenberg
New York, Jan. 20 – AlixPartners LLP released price talk on its $1.775 billion seven-year term loan B (B2/B+) and €344 million seven-year term loan B (B2/B+) in connection with its lender call on Wednesday, according to a market source.
Talk on the U.S. term loan is Libor plus 275 basis points to 300 bps with a 0.5% Libor floor and an original issue discount of 99 to 99.5, and talk on the euro term loan is Euribor plus 350 bps to 375 bps with a 0% floor and a discount of 99 to 99.5, the source said.
The term loans have 101 soft call protection for six months.
BofA Securities Inc. and Goldman Sachs Bank USA are the leads on the deal.
Commitments are due at noon ET on Jan. 27, the source added.
Proceeds will be used to refinance existing U.S. and euro term loans.
AlixPartners is a New York-based performance improvement, corporate turnaround and financial advisory services firm.
© 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.