Management Services, First Advantage, Open Lending, OneDigital reveal pricing guidance

By Sara Rosenberg

New York, Jan. 9 – In Thursday’s primary market, Management Services (Amentum/Maverick Purchaser Sub LLC), First Advantage, Open Lending LLC and OneDigital released price talk with launch.

Management Services announced talk on its $1.015 billion seven-year first-lien term loan B (Ba3/B) at Libor plus 450 basis points to 475 bps with a 0% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

First Advantage came out with talk of Libor plus 400 bps to 425 bps with an original issue discount of 99 on its $620 million first-lien term loan B (B1/B) that launched with an afternoon bank meeting.

Open Lending held its bank meeting during the session, launching its $225 million seven-year term loan B at talk of Libor plus 525 bps to 550 bps with a 0% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

OneDigital launched on its call its fungible $165 million incremental first-lien term loan (B2) with original issue discount talk of 99.5. Like the existing first-lien term loan, the incremental term loan is priced at Libor plus 400 bps with a 0% Libor floor.

Additionally, Focus Financial Partners Inc. and Avantor emerged with new deal plans, and Innophos Holdings Inc. and MagicLab came out with timing on the launch of their loan transactions.

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