Omnia Partners to launch $1.8 billion term loan B on Thursday

By Sara Rosenberg

New York, Jan. 3 – Omnia Partners LLC is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $1.805 billion senior secured term loan B (B2/B) due July 25, 2030, according to a market source.

Barclays is the left lead on the deal.

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

Proceeds will be used to reprice an existing $1.805 billion senior secured term loan B due July 25, 2030 from SOFR plus 425 basis points with a 0% floor. The existing term loan has a 25 bps step-down at 1x inside closing date consolidated first-lien net leverage, but can’t step down prior to 12 months from the original closing date.

Omnia, owned by TA Associates, Leonard Green & Partners and management, is a Franklin, Tenn.-based non-health care group purchasing organization.

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