Vision Integrated shops $90 million incremental term loan at 99 OID

By Sara Rosenberg

New York, Oct. 4 – Vision Integrated Graphics Group is talking its $90 million incremental first-lien term loan with an original issue discount of 99, according to a market source.

Pricing on the incremental term loan is Libor plus 625 basis points with a 1% Libor floor, in line with existing first-lien term loan pricing.

The loan has a net leverage covenant.

The company is also getting a $5 million incremental revolving credit facility.

BNP Paribas Securities Corp. is the lead on the deal that launched with a bank meeting on Thursday afternoon.

Commitments are due on Oct. 18, the source said.

Proceeds will be used with privately placed incremental mezzanine debt to fund an acquisition.

Vision Integrated, a HIG Capital portfolio company, is a Bolingbrook, Ill.-based provider of tech-enabled marketing solutions.

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