24-7 Intouch wraps $40 million add-on term loan at 99 OID

By Sara Rosenberg

New York, Sept. 14 – 24-7 Intouch Inc. completed syndication of a $40 million add-on first-lien term loan B (B2/B) due August 2025 that was sold at an original issue discount of 99, according to a market source.

Pricing on the add-on term loan is Libor plus 475 basis points with a 0% Libor floor, in line with existing term loan B pricing.

RBC Capital Markets is the lead arranger on the deal.

Proceeds are being used to fund an acquisition.

Pro forma for the transaction, the term loan B totals $352 million.

24-7 Intouch is a provider of technology enabled, omnichannel, outsourced customer care to consumer-facing businesses.

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