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Imperva launches $147 million incremental term loan at 98.79-99 OID
By Sara Rosenberg
New York, Oct. 20 – Imperva Inc. launched on Tuesday its fungible $147 million incremental first-lien term loan due Jan. 10, 2026 with original issue discount talk in the range of 98.79 to 99, according to a market source.
Pricing on the incremental term loan is Libor plus 400 basis points with a 1% Libor floor, in line with existing first-lien term loan pricing.
The incremental term loan has 101 soft call protection for six months, the source said.
Jefferies LLC is the bookrunner on the deal.
Commitments are due on Oct. 29, the source added.
Proceeds will be used to fund an acquisition.
Imperva is a San Mateo, Calif.-based provider of cyber security solutions to protect databases and applications.
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