Nuvei Technologies sets talk; Electronics for Imaging kicks off $1.1 billion two-part deal

By Paul A. Harris

Portland, Ore., June 10 – In Monday's leveraged loan market Nuvei Technologies Corp. set price talk in its two-part term loan package.

A $619 million first-lien term loan is talked with a 425 basis points to 450 bps spread to Libor, a 0% Libor floor and an original issue discount of 99. The deal features six months of soft call protection. The loan has 1% annual amortization.

A $225 million second-lien term loan is talked with an 850 bps spread to Libor, a 0% Libor floor and an original issue discount of 98. The second-lien paper comes with hard calls at 102 and 101.

Commitments are due at 5 p.m. ET June 24.

BMO Capital Markets is the lead arranger on the deal.

And Electronics for Imaging set a June 17 bank meeting for $1.1 billion of term loans.

The deal includes an $875 million seven-year first-lien term loan and a $225 million eight-year second-lien term loan.

RBC Capital Markets LLC, KKR Capital Markets, Deutsche Bank Securities Inc., Barclays, Credit Suisse Securities (USA) LLC and Macquarie Capital are the joint lead arrangers.

RBC is left lead on the first-lien tranche. KKR is left lead on the second-lien tranche.

The credit facility also includes a $100 million revolver.

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