LegalShield to launch $60 million add-on term loan B on Monday

By Sara Rosenberg

New York, July 19 – LegalShield is scheduled to hold a lender call at 2 p.m. ET on Monday to launch a fungible $60 million add-on first-lien term loan B, according to a market source.

RBC Capital Markets is the left lead arranger on the deal.

Proceeds will be used to repay revolving credit facility borrowings and consummate near-term acquisitions.

The company’s existing first-lien term loan B is sized at $678 million.

LegalShield is an Ada, Okla.-based provider of legal plans and identity theft solutions.

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