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Axiom lifts term loan to $210 million, prices at Libor plus 475 bps
By Sara Rosenberg
New York, Sept. 25 – Axiom Global Inc. upsized its seven-year first-lien term loan B to $210 million from $175 million, according to a market source.
Pricing on the term loan finalized at Libor plus 475 basis points with a 0% Libor floor and an original issue discount of 99, the source said.
The term loan has 101 soft call protection for six months.
Barclays is the lead arranger and administrative agent on the deal that allocated on Wednesday.
Proceeds will be used to help fund the buyout of the company by Permira Funds.
Closing is expected on Oct. 1.
Axiom is a provider of specialized on-demand legal talent.
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