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MeridianLink launches $435 million term B at Libor plus 325-350 bps
By Sara Rosenberg
New York, Oct. 15 – MeridianLink Inc. launched on Friday its $435 million seven-year term loan B (B2/BB-/BB+) with price talk of Libor plus 325 basis points to 350 bps with a 0.5% Libor floor and an original issue discount of 99.5, according to a market source.
The term loan has 101 soft call protection for six months.
BofA Securities Inc. is the left lead on the deal.
Commitments are due at 5 p.m. ET on Oct. 27, the source added.
Proceeds will be used to refinance existing debt.
MeridianLink is a Costa Mesa, Calif.-based provider of SaaS-based solutions to financial institutions that simplify loan decisioning, deposit and loan originations and workflow challenges.
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