Donnelley Financial to launch $230 million term loan B on Thursday

By Sara Rosenberg

New York, Sept. 13 – Donnelley Financial Solutions Inc. is set to hold a lender call at 1 p.m. ET on Thursday to launch a $230.4 million term loan B due 2023, according to a market source.

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

Price talk on the term loan is Libor plus 300 basis points to 325 bps with a 0.75% Libor floor and a par issue price, the source said.

The term loan has 101 soft call protection for six months.

Proceeds will be used to refinance an existing term loan.

Commitments are due on Sept. 21, the source added.

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

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