JDA Software shops $1.25 billion term loan B at Libor plus 275 bps

By Sara Rosenberg

New York, Feb. 3 – JDA Software Group Inc. is in market with a $1.25 billion term loan B due October 2023 that is talked at Libor plus 275 basis points with a 1% Libor floor and an original issue discount of 99.875 to par, according to a market source.

The loan has 101 soft call protection that expires in October.

J.P. Morgan Securities LLC is the lead bank on the deal.

Commitments are due at noon ET on Wednesday, the source added.

Proceeds will be used to refinance/reprice an existing term loan B.

JDA is a Scottsdale, Ariz.-based provider of end-to-end, integrated retail, omni-channel and supply chain planning and execution solutions.

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