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24-7 Intouch wraps $75 million add-on term loan at Libor plus 475 bps
By Sara Rosenberg
New York, Feb. 6 – 24-7 Intouch completed syndication of a fungible $75 million add-on first-lien term loan (B2/B) due Aug. 24, 2025 at pricing of Libor plus 475 basis points with a 0% Libor floor and an original issue discount of 96.5, according to a market source.
The add-on term loan has 101 soft call protection for six months, the source said.
RBC Capital Markets, Credit Suisse Securities (USA) LLC and TD Securities (USA) LLC are the leads on the deal that allocated last week.
With this transaction, pricing on the company’s existing first-lien term loan is being increased to match the add-on loan pricing, the source added.
24-7 Intouch is a provider of technology enabled, omnichannel, outsourced customer care to consumer-facing businesses.
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