Cetera Financial, Ceva Sante, SUSE float term debt pricing guidance with launch

By Sara Rosenberg

New York, Oct. 17 – In the primary market on Tuesday, Cetera Financial Group (Aretec Group Inc.) disclosed original issue discount guidance on its incremental first-lien term loan for the acquisition of Avantax Inc. and a refinancing of an existing term loan.

Cetera held its lender call on Tuesday morning and announced original issue discount talk of 97 to 97.5 on its fungible $1.689 billion incremental first-lien term loan due August 2030, according to a market source.

Like the existing term loan, the incremental term loan is priced at SOFR+CSA plus 450 basis points with a 0% floor, and all of the debt is getting 101 soft call protection for six months. CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Also, Ceva Sante released price talk on its term loan B, which will be used to repay some existing debt, and SUSE price guidance emerged in connection with its lender call.

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