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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