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Aptean gets $125 million incremental first-lien term loan
By Sara Rosenberg
New York, Aug. 4 – Aptean got a fungible $125 million incremental first-lien term loan (B2/B-) priced at Libor plus 425 basis points with a 0% Libor floor, according to a market source.
The original issue discount on the incremental term loan is not being disclosed.
Golub Capital acted as the left lead arranger on the deal and is the administrative agent.
Proceeds will be used for recent and upcoming acquisitions.
Pro forma for the transaction, the first-lien term loan totals $968 million.
Aptean is an Alpharetta, Ga.-based provider of mission-critical enterprise software solutions.
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