TransFirst launches $399 million term loan at Libor plus 350 bps

By Sara Rosenberg

New York, April 18 - TransFirst Holdings Inc. launched with its call on Thursday a repricing of its $399 million first-lien term loan that is talked at Libor plus 350 basis points with a 1.25% Libor floor and a par offer price, according to a market source.

The repriced loan has 101 soft call protection for six months, the source said.

Commitments are due on Wednesday.

Through the repricing, the company is taking the first-lien term loan down from Libor plus 500 bps with a 1.25% Libor floor.

BofA Merrill Lynch, GE Capital Markets and Deutsche Bank Securities Inc. are the joint lead arrangers on the deal and bookrunners with SunTrust Robinson Humphrey Inc., RBC Capital Markets, and Wells Fargo Securities LLC.

TransFirst is a Hauppauge, N.Y.-based provider of transaction processing services and payment enabling technologies.

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