TravelClick sets pricing on $105 million facility at Libor plus 400 bps

By Sara Rosenberg

New York, Dec. 19 - TravelClick finalized pricing on both tranches under its $105 million credit facility (Ba3/B+) at Libor plus 400 basis points, according to a market source.

Tranching under the facility consists of a $15 million revolver and a $90 million term loan B.

The revolver was sold to investors with an original issue discount of 98 and the term loan B was sold at a discount of 99, the source said.

The revolver has a 50 bps unused fee.

Jefferies is the lead bank on the deal that was slightly oversubscribed at the close of syndication.

Proceeds from the credit facility, along with $40 million of mezzanine financing, will be used to help fund Genstar Capital's acquisition of the company from Bain Capital.

TravelClick is a Schaumburg, Ill., hotel e-marketing services provider.

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