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Refinitiv launches $6.45 billion term loan at Libor plus 325-350 bps
By Sara Rosenberg
New York, Dec. 12 – Refinitiv launched on its lender call on Thursday a $6,451,000,000 term loan B that is talked at Libor plus 325 basis points to 350 bps with no Libor floor and a par issue price, according to a market source.
The term loan is also talked with 101 soft call protection for six months, the source said.
BofA Securities Inc. is the lead on the deal.
Commitments are due at noon ET on Tuesday, the source added.
Proceeds will be used to reprice an existing term loan B down from Libor plus 375 bps.
Refinitiv is a data and financial technology platform.
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