Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Focus Financial Partners LLC > News item |
Focus Financial launches $793 million term loan at Libor plus 275 bps
By Sara Rosenberg
New York, Jan. 8 – Focus Financial Partners LLC launched on its call on Monday a $793 million covenant-light first-lien term loan (Ba3/B+) due July 3, 2024 with price talk of Libor plus 275 basis points with a 0% Libor floor and a par issue price, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
RBC Capital Markets and SunTrust Robinson Humphrey Inc. are the leads on the deal.
Commitments are due at noon ET on Friday, the source added.
Proceeds will be used to reprice an existing term loan down from Libor plus 325 bps with a 0% Libor floor.
Focus Financial is a New York-based partnership of independent, fiduciary wealth-management firms.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.