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Ahead DB launches $600 million term loan at SOFR plus 425 bps
By Sara Rosenberg
New York, Jan. 18 – Ahead DB launched on Thursday its $600 million seven-year incremental first-lien term loan (B1/B) with price talk of SOFR plus 425 basis points with a 0.75% floor and an original issue discount of 98.5, according to a market source.
RBC Capital Markets, Deutsche Bank Securities Inc., BMO Capital Markets, Jefferies LLC, KKR Capital Markets, Regions Bank, Truist Securities, Macquarie Capital (USA) Inc., MUFG and Barclays are the joint lead arrangers on the deal.
Commitments are due at noon ET on Jan. 25.
Proceeds will be used to help support the acquisition of Computer Design & Integration.
Berkshire Partners and Centerbridge Partners are the sponsors.
Ahead DB is a Chicago-based IT solutions provider of enterprise hardware and software.
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