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DigiCert launches $100 million add-on term loan, repricing to lenders
By Sara Rosenberg
New York, Sept. 20 – DigiCert Holdings Inc. held a lender call at 10 a.m. ET on Thursday to launch a $100 million add-on first-lien term loan due 2024 and a repricing of its existing first-lien term loan due 2024 at talk of Libor plus 375 basis points to 400 bps with a 0% Libor floor and a par issue price, according to a market source.
UBS Investment Bank is the lead bank on the deal.
Commitments are due on Sept. 26, the source added.
Proceeds from the add-on term loan will be used to repay some second-lien term loan borrowings, and the repricing will take the existing term loan down from Libor plus 475 bps with a 1% Libor floor.
DigiCert is a Lehi, Utah-based provider of scalable security solutions.
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