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CoreLogic to launch $400 million add-on term loan on Friday
By Sara Rosenberg
New York, Nov. 10 – CoreLogic Inc. will hold a lender call at 11:30 a.m. ET on Friday to launch a fungible $400 million add-on term loan due 2028, according to a market source.
JPMorgan Chase Bank is the lead on the deal.
Pricing on the add-on term loan is Libor plus 350 basis points with a 0.5% Libor floor.
The add-on term loan is talked with an original issue discount of 99.25 to 99.5, the source said.
Commitments are due at 5 p.m. ET on Nov. 17.
Proceeds will be used to repay revolving credit facility borrowings and add cash to the balance sheet.
CoreLogic is an Irvine, Calif.-based property information, analytics and data-enabled solutions provider.
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