Russell Investments talks $1.03 billion loan at Libor plus 250-275 bps

By Paul A. Harris

Portland, Ore., Jan. 27 – Russell Investments talked its $1,026,000,000 first-lien term loan B repricing with a 250 basis points to 275 bps spread to Libor at par, according to a market source.

Commitments are due Jan. 31.

The loan maturity remains unchanged at June 2023.

There is a 1% Libor floor.

The 101 soft call protection resets after six months.

Administrative agent Barclays is the bookrunner.

Russell Investments is a Seattle-based asset manager.

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