Deltek launches $570.7 million first-lien term loan repricing

By Sara Rosenberg

New York, Jan. 8 - Deltek Inc. held a call at 2 p.m. ET on Wednesday to launch a repricing of its $570.7 million first-lien term loan, according to a market source.

Talk on the repricing is Libor plus 350 basis points with a 1% Libor floor, versus current pricing on the first-lien loan of Libor plus 375 bps with a 1.25% Libor floor.

The repriced loan has 101 soft call protection for six months, the source said.

Jefferies Finance LLC is the lead bank on the deal.

Commitments are due on Monday, the source added.

Deltek is a Herndon, Va.-based provider of enterprise software and information for professional services firms and government contractors.

© 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.