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EagleView launches $100 million add-on term loan B at 99.5 OID
By Sara Rosenberg
New York, Sept. 8 – EagleView Technology Corp. launched on Friday its fungible $100 million add-on covenant-light first-lien term loan B due July 15, 2022 with price talk of Libor plus 425 basis points with a 1% Libor floor and an original issue discount of 99.5, according to a market source.
Morgan Stanley Senior Funding Inc. and Nomura Securities International Inc. are the joint lead arrangers and bookrunners on the deal.
Commitments are due on Thursday, the source added.
Proceeds will be used to repay an existing second-lien term loan and accrued interest, and to pay fees and expenses related to the financing.
EagleView is a Bothell, Wash.-based technology provider of aerial imagery, data analytics and GIS solutions.
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