PointClickCare launches $392 million term loan at SOFR plus 300 bps

By Sara Rosenberg

New York, April 16 – PointClickCare Technologies Inc. was scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a $392 million term loan B due December 2027 that is talked at SOFR+CSA plus 300 basis points with a 0.75% floor and an original issue discount of 99.875 to par, according to a market source.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase bank is the left lead on the deal.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used to reprice an existing $392 million incremental term loan B due December 2027 and combine the tranche with an existing $436.5 million term loan B due December 2027.

PointClickCare, with headquarters in Canada, is a cloud-based health care software provider.

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