Eze Software shops $85 million add-on term loan at Libor plus 300 bps

By Sara Rosenberg

New York, Feb. 2 – Eze Software Group LLC launched an $85 million add-on term loan B that is talked at Libor plus 300 basis points with a 1% Libor floor and an original issue discount of 99.875, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Commitments are due at noon ET on Feb. 9, the source added.

Proceeds will be used to fund a dividend.

Eze Software is a Boston-based provider of investment technology to support the front, middle and back office.

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