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HelpSystems firms $60 million incremental term loan at 99.75 OID
By Sara Rosenberg
New York, Feb. 21 – HelpSystems (HS Purchaser LLC) set the original issue discount on its fungible $60 million incremental first-lien term loan due Nov. 30, 2026 at 99.75, the tight end of the 99.5 to 99.75 talk, according to a market source.
Pricing on the incremental term loan is Libor plus 475 basis points with a 1% Libor floor.
Jefferies LLC is the lead arranger on the deal.
Proceeds will be used to fund an acquisition.
HelpSystems is an Eden Prairie, Minn.-based provider of IT operations management and monitoring, cybersecurity, and business intelligence software.
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