AlixPartners to launch $1.09 billion term loan B repricing on Friday

By Sara Rosenberg

New York, Sept. 22 – AlixPartners LLP is scheduled to hold a lender call at 10 a.m. ET on Friday to launch a repricing of its $1,092,000,000 covenant-light term loan B due July 2022, according to a market source.

Deutsche Bank Securities Inc., Bank of America Merrill Lynch, Goldman Sachs Bank USA, Jefferies Finance LLC and UBS Investment Bank are the bookrunners on the deal.

The repriced loan is talked at Libor plus 300 basis points with a 1% Libor floor and a par issue price, the source said.

Included in the repriced loan is 101 soft call protection for six months.

The repricing will take the term loan down from Libor plus 350 bps with a 1% Libor floor.

AlixPartners is a New York-based performance improvement, corporate turnaround and financial advisory services firm.

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