FullBloom launches $385 million term loan B at SOFR plus 425-450 bps

By Sara Rosenberg

New York, Nov. 30 – FullBloom launched on Tuesday its $385 million term loan B due 2028 (B2/B-) with price talk of SOFR+CSA plus 425 basis points to 450 bps with a 0.75% floor and an original issue discount of 99, according to a market source.

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

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank, Jefferies LLC, Goldman Sachs Bank USA, Macquarie Capital (USA) Inc. and KKR Capital Markets are the leads on the deal.

Commitments are due at 5 p.m. ET on Dec. 9.

Proceeds will be used to help fund the buyout of the company by American Securities.

FullBloom is a provider of special education, instructional intervention, behavioral health and professional development solutions.

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