First Advantage to launch $100 million add-on term loan on Thursday

By Sara Rosenberg

New York, Jan. 13 – First Advantage will hold a lender call at 1 p.m. ET on Thursday to launch a fungible $100 million add-on term loan, according to a market source.

BofA Securities Inc. is the lead on the deal.

Proceeds will be used to repay a privately placed second-lien term loan.

The company’s existing term loan is priced at Libor plus 350 basis points with a 0% Libor floor.

First Advantage is an Atlanta-based provider of comprehensive background screening, identity and information solutions.

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