Verra Mobility shops $894 million term B at Libor plus 325-350 bps

By Sara Rosenberg

New York, Feb. 11 – Verra Mobility Inc. is seeking an $894 million term loan B at price talk of Libor plus 325 basis points to 350 bps with a 0% Libor floor and a par issue price, according to a market source.

BofA Securities Inc. is the lead bank on the deal.

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

Verra Mobility is a Mesa, Ariz.-based provider of tech-enabled smart transportation solutions.

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