Datasite finalizes U.S. and euro add-on term loan sizes

By Sara Rosenberg

New York, July 13 – Datasite set its U.S. add-on term loan size at $65 million and its euro add-on term loan size at €30 million, according to a market source.

At launch, the debt was described as $100 million equivalent U.S. and euro add-on with the split to be determined.

Also, pricing on the euro add-on term loan and repricing of the company’s existing €220 million term loan firmed at Euribor plus 375 basis points, the low end of the Euribor plus 375 bps to 400 bps talk, the source said.

The euro term loan debt still has a 0% floor and an original issue discount of 99.75.

Pricing on the U.S. add-on term loan and repricing of the company’s existing $300 million term loan remained at Libor plus 375 bps with a 0.75% Libor floor and a discount of 99.75.

The U.S. and euro term loans have 101 soft call protection for six months.

JPMorgan Chase Bank is the lead on the deal.

The add-on term loan debt will be used for acquisition financing.

Datasite is a Minneapolis-based SaaS provider for the mergers and acquisitions industry.

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