TravelClick to launch $34 million incremental, repricing on Wednesday

By Sara Rosenberg

New York, March 20 – TravelClick Inc. is set to hold a lender call at 10 a.m. ET on Wednesday to launch a $34 million incremental first-lien term loan (B1/B-) due May 6, 2021 and a repricing of its existing $446 million first-lien term loan (B1/B-) due May 6, 2021, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead bank on the deal.

The term loans include a 1% Libor floor and 101 soft call protection for six months, the source said.

Proceeds from the incremental loan will be used to repay a portion of the company’s second-lien term loan.

Commitments are due on March 28, the source added.

TravelClick is a New York-based provider of solutions to the hospitality industry.

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