IntraFi launches term loan B amendment to revise permitted holder

By Sara Rosenberg

New York, Jan. 9 – IntraFi Network LLC (Nexus Buyer LLC) launched an amendment to its first-lien term loan B on Monday morning to include funds managed by Warburg Pincus LLC and its co-investors as a permitted holder, according to a market source.

The proposed technical amendment would augment the company’s strategic flexibility by facilitating potential further changes in the ownership structure to support growth, the source said.

Morgan Stanley Senior Funding Inc. is the agent on the term loan B and is leading the amendment.

Consents are due at 5 p.m. ET on Thursday, the source added.

Lenders are being offered a 10 basis points consent fee.

IntraFi is an Arlington, Va.-based financial technology solutions provider offering deposit placement and funding services to financial institutions.

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