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Prospect News home > News index > List of issuers F > Headlines for Focus Financial Partners LLC > News item
Published on 3/9/2018 in the Prospect News Bank Loan Daily.

Focus Financial talks $200 million add-on loan at par issue price

By Sara Rosenberg

New York, March 9 – Focus Financial Partners LLC launched on Friday its fungible $200 million add-on first-lien term loan with issue price talk of par, according to a market source.

Pricing on the first-lien term loan is Libor plus 275 basis points with a 0% Libor floor.

RBC Capital Markets and SunTrust Robinson Humphrey Inc. are the joint lead arrangers on the deal.

Commitments are due on Thursday, the source said.

Proceeds will be used to fund an acquisition.

The first-lien term loan is currently sized at $793 million.

Focus Financial is a New York-based partnership of independent, fiduciary wealth-management firms.


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