Rocket sets price talk on $1.6 billion, €400 million term loans

By Sara Rosenberg

New York, Sept. 19 – Rocket Software Inc. released price talk on its $1.6 billion first-lien term loan B due November 2028 and €400 million first-lien term loan B due November 2028 in connection with its lender call, according to a market source.

Price talk on the U.S. term loan is SOFR plus 475 basis points with a 0.5% floor and an original issue discount of 98 to 98.5, and talk on the euro term loan is Euribor plus 475 bps with a 0% floor and a discount of 98 to 98.5, the source said.

The term loans (B2/B-) have 101 soft call protection for six months.

Amortization on the U.S. term loan is 1% per annum.

RBC Capital Markets LLC is the left lead arranger on the deal and the administrative agent.

Commitments are due at 5 p.m. ET on Sept. 27, the source added.

Proceeds will be used to extend $2.033 billion of existing first-lien term loans from November 2025.

Rocket Software, a Bain Capital portfolio company, is a Waltham, Mass.-based infrastructure software provider.

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