AmeriLife to launch $80 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Aug. 11 – AmeriLife Holdings LLC is set to hold a lender call at 9:30 a.m. ET on Wednesday to launch a fungible $80 million incremental covenant-lite first-lien term loan due March 18, 2027, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead arranger on the deal.

Pricing on the incremental term loan is Libor plus 400 basis points with a 0% Libor floor, in line with existing term loan pricing, the source said.

Original issue discount talk on the incremental term loan is not yet available.

The incremental term loan has 101 soft call protection through Sept. 18, like the existing term loan.

Expected term loan ratings are B2/B.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used to fund tuck-in acquisitions and for general corporate purposes.

AmeriLife is a Clearwater, Fla.-based insurance marketing organization.

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