Citadel increases add-on term loan amount to $500 million

By Sara Rosenberg

New York, Sept. 25 – Citadel upsized its add-on term loan to $500 million from $300 million, according to a market source.

Pricing on the term loan remained at Libor plus 275 basis points with a 0% Libor floor and an original issue discount of 99.25.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used for general corporate purposes.

Citadel is a Chicago-based provider of market-making services to the fixed income, currency and commodity markets.

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