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Hudson River ups add-on term loan to $225 million, firms OID at 98.5
By Sara Rosenberg
New York, July 22 – Hudson River Trading LLC upsized its fungible add-on term loan B to $225 million from $200 million and finalized the original issue discount at 98.5, the wide end of the 98.5 to 98.75 talk, according to a market source.
Pricing on the add-on term loan is Libor plus 300 basis points with a 0% Libor floor, in line with existing term loan pricing.
BofA Securities Inc., Goldman Sachs Bank USA and JPMorgan Chase Bank are the leads on the deal.
Proceeds will be used for general corporate purposes.
Hudson River Trading is a New York-based electronic market maker and liquidity provider.
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