e-Rewards sets price talk for $275 million seven-year term loan B

By Paul A. Harris

Portland, Ore., Sept. 20 - e-Rewards Inc. talked a $275 million seven-year term loan B at Libor plus 375 to 400 basis points with a 1% Libor floor at 99 to 99.5, a market source said on Friday.

The loan amortizes at an annual rate of 1%.

The term loan is part of an overall $315 million senior secured credit facility.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

e-Rewards is a Plano, Texas-based permission-based digital data collection and reporting company.

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