V. Group to launch $90 million add-on first-lien term loan on Thursday

By Sara Rosenberg

New York, July 15 – V. Group is set to hold a call on Thursday to launch a fungible $90 million add-on first-lien term loan, according to a market source.

Goldman Sachs Bank USA is the lead on the deal.

Proceeds will be used to help repay the company’s second-lien term loan.

Commitments are due on July 22, the source added.

The company’s existing first-lien term loan is priced at Libor plus 400 basis points with a 1% Libor floor.

V. Group is a supplier of a broad range of specialist outsourcing services to asset owners and operators in the shipping, offshore, leisure and defense sectors.

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