Soliant lifts term loan to $320 million, firms at Libor plus 425 bps

By Sara Rosenberg

New York, March 26 – Soliant upsized its term loan B to $320 million from $300 million and set pricing at Libor plus 425 basis points, the low end of the Libor plus 425 bps to 450 bps talk, according to a market source.

In addition, the original issue discount on the term loan was tightened to 99.25 from 99, the source said.

The term loan still has a 0.75% Libor floor and 101 soft call protection for six months.

JPMorgan Chase Bank is the lead on the deal.

Proceeds will be used to refinance an existing term loan and fund a dividend.

Soliant is an Atlanta-based provider of health care jobs and staffing 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.