Vertiv finalizes $325 million term loan at discount of 99.75

By Sara Rosenberg

New York, Dec. 19 – Vertiv firmed the original issue discount on its $325 million incremental term loan at 99.75, the tight end of the 99.5 to 99.75 talk, according to a market source.

Pricing on the loan is Libor plus 400 basis points with a 1% Libor floor.

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

Proceeds will be used for acquisition financing.

Vertiv is a Columbus, Ohio-based provider of thermal management, A/C and D/C power, transfer switches, services and information management systems for the data center and telecommunications industries.

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