Falcon Group plans to launch $250 million term loan B on Tuesday

By Sara Rosenberg

New York, May 29 – Falcon Group Holdings is set to hold a bank meeting on Tuesday to launch a $250 million five-year term loan B, according to a market source.

J.P. Morgan Securities LLC and Natixis are the leads on the deal.

Price talk on the term loan B is Libor plus 475 basis points to 500 bps with a 1% Libor floor and an original issue discount of 99, the source said.

The loan has 101 soft call protection for one year.

Proceeds will be used for general corporate purposes.

Falcon Group is a provider of trade finance transactions to corporate clients.

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