MoneyGram talks $150 million incremental term loan at 99½ OID

By Sara Rosenberg

New York, March 25 - MoneyGram International Inc. is talking its $150 million add-on term loan with an original issue discount of 991/2, according to sources.

Pricing on the loan is Libor plus 325 basis points with a 1% Libor floor, in line with the existing term loan.

The add-on, as well as the existing term loan, will get 101 soft call protection for six months, sources said.

Bank of America Merrill Lynch, Wells Fargo Securities LLC and J.P. Morgan Securities LLC are the lead banks on the deal that launched on Monday.

Proceeds will be used to repurchase shares.

MoneyGram is a Dallas-based money transfer company.

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