Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alacrity Solutions Group LLC > News item |
Alacrity launches $60 million incremental term loan at 99 OID
By Sara Rosenberg
New York, Feb. 17 – Alacrity Solutions Group LLC launched on Wednesday its fungible $60 million incremental first-lien term loan with original issue discount talk of 99, according to a market source.
Pricing on the incremental term loan is Libor plus 400 basis points with a 0% Libor floor, in line with existing term loan pricing.
Antares Capital is the lead on the deal.
Commitments are due at 5 p.m. ET on Feb. 25.
Proceeds will be used to fund a shareholder distribution.
Alacrity, formerly known as Worley Claims Services LLC, is a Fishers, Ind.-based provider of insurance claims management services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.