EagleView launches $334 million term loan B at Libor plus 350-375 bps

By Sara Rosenberg

New York, Jan. 9 – EagleView Technology Corp. launched on Tuesday its $334,091,094 covenant-light senior secured first-lien term loan B due July 15, 2022 with price talk of Libor plus 350 basis points to 375 bps with a 0% Libor floor and a par issue price, according to a market source.

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

Morgan Stanley Senior Funding Inc. and Nomura Securities International Inc. are lead banks on the deal.

Proceeds will be used to reprice an existing term loan B down from Libor plus 425 bps with a 1% Libor floor.

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

EagleView is a Bothell, Wash.-based technology provider of aerial imagery, data analytics and GIS solutions.

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