Ankura Consulting revises $75 million term loan OID to 99.75

By Sara Rosenberg

New York, Jan. 31 – Ankura Consulting Group LLC tightened the original issue discount on its fungible $75 million incremental covenant-lite first-lien term loan due March 2028 (B2/B-) to 99.75 from 99.5, according to a market source.

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

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

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

Commitments are due at 11 a.m. ET on Tuesday, 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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