Insight Global firms $899 million term loan at Libor plus 350 bps

By Sara Rosenberg

New York, Nov. 17 – Insight Global (IG Investments Holdings LLC) finalized pricing on its $899 million first-lien term loan (B1/B) due October 2021 at Libor plus 350 basis points, the high end of the Libor plus 325 bps to 350 bps talk, according to a market source.

The term loan still has a 1% Libor floor, a par issue price and 101 soft call protection for six months.

Credit Suisse Securities (USA) LLC is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 400 bps with a 1% Libor floor.

Insight Global is an Atlanta-based temporary staffing firm for the information technology sector.

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