Emerald finalizes $415 million term loan B at SOFR plus 500 bps

By Sara Rosenberg

New York, June 2 – Emerald Expositions (Emerald X Inc.) firmed pricing on its $415 million term loan B due May 22, 2026 at SOFR plus 500 basis points, the high end of the SOFR plus 475 bps to 500 bps talk, according to a market source.

Also, the soft call protection on the term loan was changed to 102 for one year and then 101 for six months, from 101 for one year, and some changes were made to documentation, the source said.

The term loan still has 10 bps CSA, a 0% floor and an original issue discount of 97.

BofA Securities Inc. is the left lead arranger on the deal.

Recommitments were scheduled to be due at 4:15 p.m. ET on Friday, the source added.

Proceeds will be used to refinance an existing $415 million first-lien term loan B.

Emerald Expositions is an owner and operator of business-to-business trade shows.

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