Resolute launches term loan repricing at Libor plus 375 bps

New York, Oct. 11 – Resolute Investment Managers launched the repricing of its term loan at Libor plus 375 basis points, according to a market source.

The repriced loan is being offered at par.

Currently the loan has a coupon of Libor plus 450 bps, the source said.

The existing Libor floor of 1% will remain in place.

As part of the repricing, the 101 soft call protection will be refreshed for six months.

Resolute launched the repricing during a call for lenders on Wednesday. Commitments are due by 12 p.m. ET on Oct. 18.

RBC and Barclays are leading the transaction.

Resolute Investment, formerly known as American Beacon Advisors Inc., is an Irving, Texas-based provider of investment advisory services to institutional and retail markets.

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