Vistage Worldwide launches $44 million add-on term loan at 96 OID

By Sara Rosenberg

New York, Dec. 5 – Vistage Worldwide launched on Monday its fungible $44 million add-on first-lien term loan with original issue discount talk of 96, according to a market source.

Pricing on the add-on term loan matches existing first-lien term loan pricing at SOFR+CSA plus 525 basis points with a 0.75% floor.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Golub Capital is the lead on the deal.

Commitments are due at noon ET on Dec. 12, the source added.

Proceeds will be used to fund an acquisition.

Vistage is a San Diego-based member-based advisory company for executives of small- and medium-sized businesses.

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