TransFirst Holdings seeks first- and second-lien term loan repricing

By Sara Rosenberg

New York, March 19 - TransFirst Holdings Inc. is looking to reprice its $396 million first-lien term loan to Libor plus 300 basis points with a 1% Libor floor from Libor plus 350 bps with a 1.25% Libor floor and its $225 million second-lien term loan to Libor plus 650 bps with a 1% Libor floor from Libor plus 975 bps with a 1.25% Libor floor, according to a market source.

The first-lien term loan repricing is offered at par and 101 soft call protection for one year, and the second-lien term loan repricing is offered at 99¾ and has 101 hard call protection for 18 months, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Commitments are due on Friday.

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

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