Ensono Holdings firms $125 million add-on term loan at 99.5 OID

By Sara Rosenberg

New York, Dec. 15 – Ensono Holdings LLC set the original issue discount on its fungible $125 million add-on first-lien term loan B at 99.5, the wide end of revised talk of 99.5 to 99.75 but the tight end of initial talk of 99 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 400 basis points with a 0.75% Libor floor, in line with existing term loan pricing.

Earlier in syndication, the add-on term loan was upsized from $75 million.

KKR Capital Markets is the left lead on the deal.

Proceeds will be used for acquisition financing.

Ensono is a Chicago-based hybrid IT services provider.

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