Bomgar increases incremental term loan amount to $115 million

By Sara Rosenberg

New York, July 17 – Bomgar Corp. upsized its incremental first-lien term loan to $115 million from $105 million, according to a market source.

Pricing on the incremental term loan is Libor plus 400 basis points with a 0% Libor floor.

Original issue discount talk on the incremental loan is 99.5.

Jefferies LLC is the lead on the deal.

Recommitments were scheduled to be due at 2 p.m. ET on Tuesday, the source said.

Proceeds will be used to help fund the acquisition of Avecto, a provider of endpoint privilege management.

Closing is expected on July 31.

Bomgar is a provider of remote support and privileged access management solutions to enterprise customers.

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