Advisor Group firms $1.49 billion term loan at Libor plus 450 bps

By Sara Rosenberg

New York, Feb. 3 – Advisor Group Holdings Inc. finalized pricing on its $1.485 billion first-lien term loan (B2/B-) due August 2026 at Libor plus 450 basis points, the high end of the Libor plus 425 bps to 450 bps talk, according to a market source.

The term loan still has a 0% Libor floor, a par issue price and 101 soft call protection for six months.

UBS Investment Bank is the lead arranger on the deal.

Proceeds will be used to reprice an existing term loan from Libor plus 500 bps with a 0% Libor floor.

Reverence Capital is the sponsor.

Advisor Group is a Phoenix-based network of independent financial advisers.

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