World Wide Technology launches $669 million loan at SOFR plus 275 bps

By Sara Rosenberg

New York, March 4 – World Wide Technology Holding Co. LLC held a lender call at 11 a.m. ET on Monday to launch a $669 million term loan B due 2030 that is talked at SOFR+10 basis points CSA plus 275 bps with a 0.5% floor and an original issue discount of 99.75 to par, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 10 a.m. ET on Friday, the source added.

Proceeds will be used to reprice an existing term loan B due 2030 down from SOFR+CSA plus 325 bps with a 0.5% floor. The existing loan is being paid down by about $75 million in connection with the transaction.

World Wide Technology is a St. Louis-based provider of information technology supply chain solutions.

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