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Sharp Services firms $851 million term loan B at SOFR plus 375 bps
By Sara Rosenberg
New York, March 27 – Sharp Services LLC finalized pricing on its $851 million term loan B due December 2028 (B3/B-) at SOFR plus 375 basis points, the low end of the SOFR plus 375 bps to 400 bps talk, according to a market source.
The term loan still has a 0% floor, a par issue price and 101 soft call protection for six months.
JPMorgan Chase Bank is the lead on the deal.
Proceeds will be used to reprice and combine the company’s two existing first-lien term loans due December 2028.
Sharp Services is a provider of pharmaceutical packaging and clinical services.
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