Donnelley Financial talks $350 million term B at Libor plus 400 bps

By Sara Rosenberg

New York, Sept. 12 – Donnelley Financial Solutions Inc. is talking its $350 million seven-year term loan B at Libor plus 400 basis points with a 1% Libor floor and an original issue discount of 99 ahead of its Tuesday bank meeting, according to market sources.

The term loan B has 101 soft call protection for one year, sources said.

J.P. Morgan Securities LLC is the lead bank on the deal.

Based on filings with the Securities and Exchange Commission, the company is also expected to get a $300 million revolver.

The credit facility is being done in connection with the company’s spinoff from R. R. Donnelley & Sons Co., and proceeds will be used to reduce debt at R. R. Donnelley.

Donnelley Financial is a Chicago-based financial communications services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.