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MeridianLink revises $435 million term loan B OID to 99.75
By Sara Rosenberg
New York, Oct. 28 – MeridianLink Inc. changed the original issue discount on its $435 million seven-year term loan B (B2/BB-/BB+) to 99.75 from 99.5, according to a market source.
Pricing on the term loan is Libor plus 300 basis points with a 0.5% Libor floor.
The term loan has 101 soft call protection for six months.
Earlier in syndication, pricing on the term loan was lowered from talk in the range of Libor plus 325 bps to 350 bps.
BofA Securities Inc. is the left lead on the deal.
Proceeds will be used to refinance existing debt.
MeridianLink is a Costa Mesa, Calif.-based provider of SaaS-based solutions to financial institutions that simplify loan decisioning, deposit and loan originations and workflow challenges.
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