| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for RedPrairie Corp. > News item |
RedPrairie firms $1.44 billion term loan at Libor plus 500 bps
By Sara Rosenberg
New York, Dec. 12 - RedPrairie (RP Crown Parent LLC) set pricing on its $1,439,000,000 first-lien covenant-light term loan due Dec. 21, 2018 at Libor plus 500 basis points, the wide end of the Libor plus 475 bps to 500 bps talk, according to a market source.
Also, the 101 soft call protection was extended to one year from six months, the source said.
As before, the loan has a 1% Libor floor and a par offer price.
Credit Suisse Securities (USA) LLC is the left lead on the deal.
Proceeds will be used to reprice an existing first-lien term loan from Libor plus 550 bps with a 1.25% Libor floor.
Commitments are due on Monday, accelerated from Tuesday, the source added.
RedPrairie is a Scottsdale, Ariz.-based provider of supply chain software services.
© 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.