Fiserv Investment sets price talk in $305 million first-lien loan

By Paul A. Harris

Portland, Ore., Jan. 22 – Fiserv Investment Solutions, Inc. detailed a $305 million seven-year senior secured first-lien term loan (B2/B) on Wednesday, according to a market source.

The loan is talked with an interest rate of Libor plus 525 basis points to 550 bps. Price talk is 99.

Commitments are due at 5 p.m. ET on Feb. 5.

The deal comes with a 0% Libor floor and an annual amortization rate of 1%.

Administrative agent Citigroup is the lead arranger. Deutsche Bank Securities Inc. is the joint lead arranger.

Proceeds will be used to fund the leveraged buyout of the Brookfield, Wis.-based financial services provider by Motive Partners.

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