Ankura Consulting to launch $75 million term loan on Tuesday

By Sara Rosenberg

New York, Jan. 24 – Ankura Consulting Group LLC is scheduled to hold a lender call at 1 p.m. ET on Tuesday to launch a fungible $75 million incremental covenant-lite first-lien term loan due March 2028, according to a market source.

Deutsche Bank Securities Inc. is the left bookrunner on the deal.

Pricing on the incremental term loan is SOFR+CSA plus 450 basis points with a 0.75% floor, the source said.

Original issue discount talk on the incremental term loan is not yet available.

Commitments are due on Feb. 4, the source added.

Proceeds will be used to fund future acquisitions.

With this transaction, pricing on the company’s existing first-lien term loan is being amended to SOFR+CSA plus 450 bps with a 0.75% floor from Libor plus 450 bps with a 0.75% Libor floor.

Ankura is a specialty consulting platform.

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