Advisor Group launches $1.65 billion term loan at SOFR plus 450 bps

By Sara Rosenberg

New York, Aug. 2 – Advisor Group Holdings Inc. launched on Wednesday its a $1,647,500,000 first-lien term loan due August 2028 with price talk of SOFR plus 450 basis points with a 0% floor and an original issue discount of 98.5, according to a market source.

The term loan has 101 soft call protection for six months and a springing maturity to the company’s existing notes.

UBS Investment Bank is the left lead arranger on the deal.

Proceeds will be used to extend a $1,447,500,000 first-lien term loan from August 2026 and to provide cash to the balance sheet for general corporate purposes, including mergers and acquisitions.

In addition, the company is seeking to extend the maturity of its existing revolving credit facility to May 2028.

Commitments/consents are due at noon ET on Aug. 10.

Advisor Group, doing business as Osaic Holdings Inc., is a provider of a multi-custodial, wealth management model for financial advisers.

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