First Advantage talks $620 million term B at Libor plus 400-425 bps

By Sara Rosenberg

New York, Jan. 9 – First Advantage launched on Thursday its $620 million first-lien term loan B (B1/B) with price talk of Libor plus 400 basis points to 425 bps with an original issue discount of 99, according to a market source.

BofA Securities Inc., J.P. Morgan Securities LLC, Barclays, Jefferies LLC, RBC Capital Markets, Credit Suisse Securities (USA) LLC, Citizens Bank, HSBC Securities (USA) Inc., KKR Capital Markets and Stifel are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Silver Lake from Symphony Technology Group.

Closing is expected this quarter, subject to customary conditions.

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

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