DigiCert readies launch of $260 million term loan for Thursday

By Sara Rosenberg

New York, March 21 – DigiCert Inc. is scheduled to hold a bank meeting at 10:30 a.m. ET in New York on Thursday to launch a $260 million seven-year senior secured first-lien term loan, according to a market source.

Jefferies Finance LLC is the lead arranger on the deal.

The term loan includes 101 soft call protection for six months, the source said.

Proceeds will be used to refinance the company’s existing capital structure.

DigiCert is a Lehi, Utah-based provider of Secure Sockets Layer certificates and managed Public Key Infrastructure solutions with emphasis on authentication and encryption.

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