Advanced Personnel talks $300 million loan at Libor plus 375-400 bps

By Sara Rosenberg

New York, June 15 – Advanced Personnel Management is shopping its $300 million term loan due June 2026 at talk of Libor plus 375 basis points to 400 bps with a 0.5% Libor floor and an original issue discount of 99 to 99.5, according to a market source.

In addition, the company is talking its A$335 million term loan due June 2026 at BSBY plus 425 bps to 450 bps with a 0.5% floor and a discount of 99 to 99.5, the source said.

The term loans have 101 soft call protection for six months.

BofA Securities Inc. and Goldman Sachs are the leads on the deal.

Commitments are due at 5 p.m. ET on June 23, the source added.

Proceeds will be used to refinance existing debt.

Advanced Personnel Management is an Australia-based human services and health care organization.

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