Resolute Investment to launch add-on first-lien loan on Wednesday

By Sara Rosenberg

New York, Jan. 19 – Resolute Investment Managers will hold a lender call at 2 p.m. ET on Wednesday to launch a fungible add-on first-lien term loan, according to a market source.

RBC Capital Markets is the lead arranger on the deal.

The existing first-lien term loan is sized at $306 million and priced at Libor plus 375 basis points with a 1% Libor floor.

Resolute Investment, a Kelso & Co. portfolio company, is an Irving, Tex.-based diversified asset management platform that partners with investment managers on both an affiliated and unaffiliated basis.

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