Resolute flexes $289.8 million term loan to Libor plus 325 bps

By Sara Rosenberg

New York, Oct. 17 – Resolute Investment Managers reduced pricing on its $289.8 million term loan to Libor plus 325 basis points from Libor plus 375 bps, according to a market source.

The term loan still has a 1% Libor floor, a par issue price and 101 soft call protection for six months.

RBC Capital Markets LLC and Barclays are the leads on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 450 bps with a 1% Libor floor.

Commitments continue to be due at noon ET on Wednesday, the source added.

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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